Information safety firm Cyera has raised a $540 million Sequence E funding spherical, bringing its whole funding to over $1.3 billion and valuing the corporate at $6 billion.
New York, NY-based Cyera offers an AI-powered, cloud-native platform that allows organizations to repeatedly uncover, classify and safe information throughout cloud, SaaS, information lake, and on-premises environments.
“As enterprises quickly embrace generative AI, copilots, and basis fashions, securing the information that powers these programs has turn out to be a high precedence,” the corporate stated.
“Traders are doubling down the place the market is transferring and the place there may be confirmed traction. AI runs on GPUs and information. Cyera’s give attention to information safety is essentially the most important functionality the enterprise must undertake AI responsibly,” stated Yotam Segev, co-founder and CEO of Cyera. “Throughout the board, we’re listening to the necessity for enterprises to push exhausting on AI, but they need to transfer quick with out compromising safety and management. This funding permits us to scale our platform and workforce to satisfy the rising international demand for safe, accountable AI adoption.”
Cyera’s platform additionally offers information safety posture administration, privateness, detection and response, and entry governance capabilities.
Cyera says the addition funding will gas progress throughout its product choices on the information safety platform by way of acquisitions, hiring expertise, and constructing out capabilities throughout new and current strategic markets.
The Sequence E funding spherical was led by Georgian, Greenoaks, and Lightspeed Enterprise Companions, alongside current traders Accel, Coatue, Cyberstarts, Redpoint, Sapphire Ventures, Sequoia Capital, and Spark Capital.
The large funding spherical comes lower than seven months after the corporate introduced a $300 million Sequence D funding spherical.Commercial. Scroll to proceed studying.
In October 2024, Cyera acquired stealth mode startup Path Safety for its information loss prevention expertise for $162 million in money and inventory.
Cyera has almost 800 staff globally and has operations in 10 nations.
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