Source: www.securityweek.com – Author: Eduard Kovacs
Data security company Cyera announced on Wednesday that it has raised $300 million in a Series D funding round.
The latest investment, which brings the total raised by the firm since it was founded in 2021 to $760 million, was led by Accel and Sapphire Ventures, with participation from Sequoia, Redpoint, Coatue, and Georgian.
“This funding enables us to continue accelerating platform development, attracting world-class talent in R&D, sales, and marketing, and strategically acquiring solutions that align with our vision for the future of data security,” said Yotam Segev, co-founder and CEO of Cyera.
Cyera is now valued at $3 billion, more than double compared to its valuation in April, when it announced raising $300 million in a Series C funding round.
The new funding was announced one month after Cyera revealed the acquisition of stealth mode startup Trail Security for its data loss prevention technology. Cyera bought Trail for $162 million in cash and stock.
Cyera provides an agentless, cloud-native platform that enables organizations to continuously discover, classify and secure data across cloud, SaaS, data lake, and on-premises environments.
The platform also provides data security posture management, privacy, detection and response, and access governance capabilities.
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Original Post URL: https://www.securityweek.com/cyera-raises-300-million-at-3-billion-valuation/
Category & Tags: Cybersecurity Funding,Cyera,Data Security,funding – Cybersecurity Funding,Cyera,Data Security,funding
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