Founded in 2021, Cyera is a cybersecurity company that specializes in helping organizations discover, classify, and protect data across cloud, SaaS, and on-premises environments.

The company's AI-powered platform assists businesses in understanding and securing their data within an increasingly complex digital landscape, particularly as reliance on data grows with AI initiatives.

Recently, Cyera raised $300 million in a Series D funding round led by Accel and Sapphire Ventures, with participation from notable investors like Sequoia and Coatue.

This latest funding has propelled Cyera's valuation to $3 billion, more than doubling since its previous funding round in April 2024.

In October 2024, Cyera further enhanced its capabilities by acquiring Israeli startup Trail Security for $162 million, adding 35 employees to its team.

The company plans to expand its workforce significantly, aiming to hire an additional 200 employees by the end of 2024.

CEO Yotam Segev highlighted the growing importance of data security for businesses, particularly due to the complexities introduced by AI, emphasizing that the new funding will aid in platform development and talent acquisition.

Cyera claims its AI-driven technology can achieve in days what competitors may take years to accomplish, significantly enhancing efficiency in data security management.

Venture capital investment in information security has surged, with $3.6 billion raised in the second quarter of 2024, marking a 20.4% increase from the first quarter.

Since its inception, Cyera has secured a total of $760 million in funding, with $600 million raised in less than eight months.

This funding round is one of the largest in the cybersecurity sector this year, following significant investments like Kiteworks' $456 million round.

Cyera's notable clients include major companies such as AT&T, Peloton, DocuSign, Paramount Global, and Chipotle, reflecting its growing influence in the cybersecurity landscape.