Cyera Raises $400 Million at $12+ Billion Valuation
Cyera, a data security company, has secured $400 million in additional funding, pushing its valuation over $12 billion. This investment will be used to expand the company’s capabilities and accelerate growth, particularly in the context of rapidly increasing AI usage and the need to secure AI agents.
Cyera, a data security company, has received a significant investment, securing $400 million in additional funding as part of a Series G extension. This brings the company’s total funding raised to over $2.7 billion and elevates its valuation to more than $12 billion. The investment comes from Goldman Sachs Alternatives. Cyera’s platform is designed to provide real-time visibility and context-aware governance over sensitive information across various environments, including hybrid clouds, SaaS applications, databases, and on-premises systems. It utilizes machine learning to classify data based on business context and compliance needs, unifying Data Security Posture Management (DSPM), Data Loss Prevention (DLP), and identity access governance. The platform continuously scans data stores to build a comprehensive inventory and identify security misconfigurations and over-permissioned access. Cyera is particularly focused on securing AI operations, monitoring data inputs to Large Language Models (LLMs), inspecting training datasets, and mitigating exfiltration risks within automated AI workflows. Cyera has over 1,500 employees and reports that its solutions are utilized by 20% of Fortune 500 companies. The company recently acquired Oasis Security in a $1 billion deal.