Data Security Solution Provider Cyera Ltd. announced today that it has raised $300 million in new financing at a valuation of $3 billion to accelerate the development of the platform and make strategic acquisitions.

Founded in 2021, Cyera offers an AI-powered data security platform that enables organizations to discover, classify and protect their data across diverse environments, including cloud, software-as-a-service and on-premises systems. The company’s platform provides real-time visibility into access to sensitive data and implements automated policies that dynamically adapt as data environments evolve.

A key part of Cyera’s offering is its data security management solution which helps organizations assess and improve their data security posture. The solution continuously monitors data assets to identify potential risks and vulnerabilities. It also enables proactive remediation to maintain compliance and reduce threat exposure.

Cyera’s platform also includes advanced data loss prevention features designed to prevent data breaches and unauthorized data transfers. The features help organizations protect their sensitive information by detecting and blocking potential data exfiltration attempts.

According to Cyera, its AI-powered platform can accomplish what competitors take years to accomplish in just days, by providing real-time visibility into access to sensitive data and delivering automated policies that ‘dynamically adjust as data environments grow.

Cyera has experienced strong growth and clients include AT&T Inc., Peloton Interactive Inc., Docusign Inc., Paramount Global, Chipotle Mexican Grill Inc., LifeLabs Medical Laboratory Services and New American Funding.

The Series D round was led by Accel Partners Management and Sapphire Ventures, with participation from Sequoia Capital Operations, Redpoint Ventures Management, Coatue Management and Georgian Partners Growth LP.

“Data security has become a top priority for businesses as they navigate the complexity of a rapidly evolving data landscape shaped by the rise of AI,” said Yotam Segev, Co-Founder and Director general. “This funding allows us to continue to accelerate the development of the platform, attract world-class talent in R&D, sales and marketing, and strategically acquire solutions that align with our vision of the platform. future of data security.

With the new cycle, Cyera has raised $760 million to date, including $300 million at a $1.4 billion valuation in April and $100 million in June 2023.

Cyera was last in the news in October when it announced it had acquired an Israeli data loss prevention company Trail Safety Ltd. for $162 million. Trial Security’s DLP capabilities are integrated with Cyera’s DSPM platform to increase the platform’s ability to deliver a comprehensive, unified data security solution.

Photo: Cyéra