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Cyera, an AI data security startup, secures $300M funding, now valued at $1.4B

2 mins

Greg Russell

Published by: Greg Russell

10 April 2024, 09:40PM GMT+00:00

In Brief

Cyera secures $300M in Series C funding, valued at $1.4B.

AI platform aids data security for businesses.

Investors include Coatue, Spark Capital, and AT&T Ventures.

Cyera founders bring military expertise to cybersecurity.

Aim to strengthen data security offerings with new investment.

Cyera, an AI data security startup, secures $300M funding, now valued at $1.4B

Cyera, the AI data security startup, has recently secured an exceptional $300 million in its Series C funding round, bringing its valuation to $1.4 billion. The AI solution is based on an innovative approach to protecting organizations’ data from cyber-based malicious risks.

Its feature is the ability to provide insights into the location and movement of data through corporate networks, which allows companies to identify and eliminate the sources of vulnerable information before a cyberattack occurs and data are compromised, or even worse, stolen.

The company’s valuation has almost tripled over the last year, which also indicates its market demand. Its client base includes large international companies, which yet again confirms its efficiency.

A major investment round, spearheaded by Coatue with strong participation from elite investors such as Spark Capital and AT&T Ventures, demonstrates confidence in Cyera’s technology and its potential to change data security.

Cyera is distinguished in this ever-evolving landscape of cyber threats because its platform easily and efficiently assesses data posture holistically across hybrid environments and these integrated multiple applications and devices, as well as cloud application infrastructures. Through AI, Cyera provides organizations with complete visibility and control of their data, an essential tool for coping with the complexities of today’s cybersecurity landscape.

Cyera was founded by veterans of the Israeli military. It couples technical expertise with entrepreneurial acumen in offering a data security solution. Following this funding, the company intends to bolster its offering to customers as it establishes a reputation as an assurance cyber partner for corporates in a digitalized world.

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