Cyera Secures $100 Million Series B Investment to Become the Data Security Platform Enabling the AI Revolution

WHO

Cyera, a data security company, provides businesses with deep context on their data and applies continuous controls to ensure cyber-resilience and compliance. The company takes a data-centric approach to security, empowering security teams to understand the location of their data, identify risks, and take immediate action to mitigate exposures. Cyera's target market includes enterprises across industries that prioritize data security in their hybrid cloud environments.

WHAT

Cyera has announced a $100 million Series B investment, led by Accel, with participation from existing investors Sequoia and Cyberstarts. Redpoint Ventures has also joined as an investor. With this latest funding round, Cyera has raised a total of $160 million since emerging from stealth in March 2022. The company has experienced significant traction among S&P 500 enterprises, achieving an impressive 800% revenue growth in the past year. As businesses face the opposing forces of innovation and security risks, Cyera's data security platform enables enterprises to harness the power of their data while ensuring privacy and compliance.

WHY

In today's data-driven world, data is the most valuable asset for businesses. However, the adoption of generative AI technologies has increased the need to address security and privacy risks. Breaches, ransomware attacks, and regulatory fines have become commonplace, leading governments, business leaders, and regulators to impose stricter regulations to protect user privacy and intellectual property. Cyera fills a critical need by providing enterprises with the foundational capability to secure their data effectively, enabling them to leverage data for improved decision-making, innovation, collaboration, and communication.

HOW IT WORKS

Cyera's AI-powered data security platform employs large language models to automatically discover, classify, and secure sensitive data across various environments. The platform utilizes an unified policy engine to identify misconfigurations, recommend access controls, and generate new policies to ensure compliance and govern sensitive data access. By understanding an enterprise's unique data and its business purpose, Cyera empowers security teams to apply appropriate controls and safeguards. The platform provides holistic data security across software-as-a-service (SaaS), platform-as-a-service (PaaS), and infrastructure-as-a-service (IaaS) environments, ensuring operational resilience at the speed and scale of the cloud.

CUSTOMERS

Cyera has gained recognition among S&P 500 enterprises, with notable customers such as United Talent Agency and Mercury Financial. These customers highlight the value of Cyera's AI-powered data security platform in fostering innovation with data, infusing data literacy into cloud development and security strategies, and improving cyber resilience. Cyera's ability to provide deep context and unprecedented insight into data enables better alignment with business stakeholders and partners, addressing the data security concerns that keep chief information security officers (CISOs) up at night.

FUNDING

Cyera has secured a $100 million Series B investment, led by Accel, with participation from existing investors Sequoia and Cyberstarts. Redpoint Ventures has also joined as an investor. This brings the company's total funding to $160 million since its emergence from stealth in March 2022. The investment reaffirms Cyera's position as an innovation powerhouse and validates its impactful technology that protects critical data assets. The funding will further accelerate the development of Cyera's cloud-native operational platform and support its global go-to-market initiatives.

KEY TAKEAWAY

Cyera, a data security company, has secured $100 million in Series B funding to revolutionize data security in the cloud era. By taking a data-centric approach and employing AI-powered technology, Cyera enables enterprises to.