🔒 Data Security Startup Cyera Raises $300M at $1.4B Valuation
#️⃣ Cybersecurity Funding
📅 Article By: Chris Metinko on April 9, 2024
💼 Cyera secures a $300 million Series C led by Coatue, valuing the company at $1.4 billion. New investors Spark Capital, Georgian, and AT&T Ventures, alongside existing investors Sequoia Capital, Accel, Redpoint Ventures, and Cyberstarts, also participated.
📈 This round nearly triples Cyera's valuation from its previous Series B, signaling strong investor confidence in the company's growth trajectory.
🏙️ Founded in 2021, Cyera has raised a total of $460 million to date, reflecting its rapid ascent in the data security market.
🔐 Cyera's platform assists security teams in understanding and securing their data, especially crucial as companies increasingly rely on data for AI initiatives.
🤖 Leveraging AI, Cyera assesses risks related to security, privacy, and regulatory compliance, providing comprehensive data protection solutions for enterprises.
🌐 CEO Yotam Segev emphasizes the critical importance of securing enterprise data in an AI-driven world, positioning Cyera as a leader in addressing this pressing cybersecurity challenge.
#️⃣ #DataSecurity #Cybersecurity #AI #EnterpriseSecurity #StartupSuccess #FundingRound