Data security solutions provider Cyera Ltd. revealed today that it has acquired Israeli data loss prevention company Trail Security Ltd. for $162 million.
Prior to its acquisition, Trial Security was a data loss prevention company focused on artificial intelligence-driven solutions for safeguarding sensitive data across various environments, including cloud, endpoint and network systems.
Trail Security’s platform uses real-time monitoring and automated classification to detect, block and remediate potential data breaches, aiming to prevent unauthorized data sharing or accidental exposure. The platform also integrates machine learning models to identify user behavior anomalies, helping organizations to protect data at rest, in use and in transit, all while providing real-time insights into how data was accessed and shared.
The company’s solutions were tailored to help organizations meet critical compliance needs, such as those required under the European Union’s General Data Protection Regulation, Health Insurance Portability and Accountability Act and the Payment Card Industry Data Security Standard, by offering a comprehensive layer of security for sensitive information.
The acquisition will see Trail’s advanced DLP capabilities integrated with Cyera’s Data Security Posture Management platform and will elevate Cyera’s ability to offer a comprehensive, unified data security solution. The integration will also enhance Cyera’s strength in managing and protecting sensitive data by adding Trail’s real-time monitoring and anomaly detection features, which focus on preventing data loss and unauthorized access.
The combined platform will offer enterprises an all-encompassing approach to data security that addresses both infrastructure and data-level threats across cloud and on-premises environments. The integration will also allow organizations to benefit from enhanced visibility, real-time protection and automated remediation of sensitive data breaches, allowing them to manage evolving data risks and ensure compliance proactively.
“The acquisition of Trail is a pivotal step in Cyera’s journey to reshape the future of data security,” said co-founder and Chief Executive Yotam Segev. “Cyera is determined to consolidate the siloed data security space and enable enterprises to navigate the growing data security challenges around AI and cloud.”
Coming into its acquisition, Trail Security had raised $35 million in venture capital funding from Lightspeed Ventures Partners, Charles River Ventures and Cyberstarts Ltd.
Cyera was previously in the news in April when it raised $300 million on a $1.4 billion valuation from investors, including AT&T Ventures, Accel Partners and Sequoia Capital.