Cyera, a data security company, has raised $300 million at a $12 billion valuation, more than doubling its worth in five months. The platform scans cloud accounts and data stores to map sensitive information for enterprises adopting AI tools.
The company operates in data security posture management, a field attracting investor interest as breaches often involve unknown data.
CEO Yotam Segev aims to make Cyera "the CrowdStrike or Palo Alto Networks of data security" through acquisitions. The company was founded by Segev and CTO Tamar Bar-Ilan, both graduates of Israel's Talpiot program and Unit 8200.
Cyera has been on a buying spree, acquiring Genie Security for $50 million and Ryft Data for $100 million to $130 million, following the $162 million purchase of Trail Security in 2024.
The round was led by Evolution Equity Partners, with other backers including Georgian, Greenoaks, Lightspeed Venture Partners, Sequoia Capital, Sapphire Ventures, Redpoint Ventures, Cyberstarts, Coatue, Accel, and Spark Capital. Total funding now exceeds $1.6 billion.
Cyera is now the second-most valuable privately held Israeli company after Vast Data.