Cyera Raises $300M Series Funding at $12B Valuation
Cyera, an AI-driven data security startup, has raised $300 million in Series funding, boosting its valuation to $12 billion. The round was led by Evolution Equity Partners and includes investors like Sequoia Capital and Accel, reflecting strong demand for its cloud data protection platform.
Cyera, an AI-powered data security company, has secured $300 million in Series funding, elevating its valuation to $12 billion. The round, led by Evolution Equity Partners, includes participation from Georgian, Greenoaks, Lightspeed Venture Partners, Sequoia Capital, Sapphire Ventures, Redpoint Ventures, Cyberstarts, Coatue, Accel, and Spark Capital. The company, founded in 2021 by CEO Yotam Segev and CTO Tamar Bar-Ilan, specializes in helping enterprises discover, classify, and secure sensitive data across cloud and SaaS environments. The funding follows Cyera’s rapid expansion, including acquisitions like Genie Security, Ryft, Trail Security, Otterize, and Shape AI. These deals enhance its platform’s capabilities in data governance, automation, and AI-native security. The company’s AI-driven tools address growing challenges in enterprise IT, where unstructured data volumes create visibility gaps and security risks. Cyera’s platform enables organizations to visualize data storage, track usage, and enforce access controls, reducing blind spots in security. With over $150 million in annual recurring revenue, the company serves global enterprise clients seeking to balance AI innovation with robust data protection. Its growth aligns with rising demand for AI-integrated security solutions in industries adopting advanced data systems. The latest funding round brings Cyera’s total capital raised to over $2 billion, positioning it among the highest-valued cybersecurity startups. Its valuation surged from $6 billion in late 2024 to $9 billion in January 2026, then to $12 billion this year. Investors are betting on its strategy to consolidate data security tools into a unified platform, aiming to become a category leader in enterprise protection. CEO Yotam Segev has emphasized Cyera’s ambition to rival major cybersecurity platforms, focusing on scalable data security for AI-driven enterprises. The company’s aggressive expansion and acquisitions—such as Ryft for AI-ready infrastructure and Genie Security for cloud automation—highlight its commitment to addressing evolving security challenges in modern IT environments.
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