April 9, 2024 at 11:54AM
Cyera, a data security company, raised $300 million in a Series C funding round, bringing its valuation to $1.4 billion. It previously raised $160 million and emerged from stealth mode in 2022 with $60 million in funding. The round was led by Coatue, with participation from several venture capital firms. Cyera’s platform offers comprehensive data security capabilities and aims to expand its team globally. CEO Yotam Segev emphasized the importance of securing enterprise data in an AI-driven world.
Key takeaways from the meeting notes:
– Cyera, a data security company, has raised $300 million in a Series C funding round, bringing its valuation to $1.4 billion.
– Prior to this, Cyera had raised a total of $160 million, including $60 million in funding when it emerged from stealth mode in 2022 and an additional $100 million in 2023.
– The Series C funding round was led by Coatue with participation from Spark Capital, Georgian, AT&T Ventures, Sequoia, Accel, Redpoint, and Cyberstarts.
– Cyera provides an agentless, cloud-native platform that leverages APIs to continuously discover, classify, and secure data across various environments including cloud, SaaS, data lake, and on-premises.
– The company’s platform also offers data security posture management, data privacy, data detection and response, and data access governance capabilities.
– Yotam Segev, co-founder and CEO of Cyera, highlighted that the secured funding will support the company’s efforts to expand its team globally and continue building on its data security platform.
– Segev emphasized the importance of securing enterprise data in an AI-driven world and how Cyera aims to solve this problem for the world’s largest enterprises.
– Other related news included funding raises for UK Firm Think Cyber, Cloud Threat Detection Firm Permiso, Coro, and Zafran.
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