Cyera co-founders Yotam Segev, CEO, and Tamar Bar-Ilan, CTO
Cyera, an Israeli unicorn offering cloud data security, has acquired fellow Israeli firm and startup Trail Security, a next-generation data loss prevention (DLP) company, for $162 million. Cyrea hit the coveted unicorn status this past June when it hit a $1.5 billion valuation.
Data Loss Prevention (DLP) is a set of technologies and processes designed to identify, monitor, and prevent data breaches that result in the unauthorized disclosure, exfiltration, or loss of sensitive information.
The acquisition, said Cyera, integrates Trail’s advanced DLP capabilities with Cyera’s Data Security Posture Management (DSPM) platform, Cyera’s core product, offering the market’s first Unified Data Security Platform. This move allows Cyera to disrupt the $2 billion DLP market, which is expected to grow to $21 billion by 2034.
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Cyera was co-founded in 2021 by Yotam Segev, CEO, and Tamar Bar-Ilan, CTO. The two met over a decade ago in the Israeli Defense Forces’ (IDF) elite Talpiot leadership academy and served together in the IDF’s Unit 8200 where they founded, built, and ran the cloud security division. Cyera has already made inroads with multiple Fortune 500 customers and has 50 employees worldwide, including Israel and the US.
Cyera says that its platform can be connected to a company’s cloud footprint in minutes, regardless of the underlying data technologies, and map all data stores in the cloud. From there, Cyera parses and classifies this data (including PII) and then surfaces the highest priority risks for remediation with suggested courses of action.
Where existing ‘cloud security’ solutions merely manage the security posture of cloud infrastructure, Cyera boasts that its service provides visibility, intelligence and actionable insights to remediate potential security risks.
“The acquisition of Trail is a pivotal step in Cyera’s journey to reshape the future of data security,” said Yotam Segev, CEO and Co-Founder of Cyera. “Cyera is determined to consolidate the siloed data security space and enable enterprises to navigate the growing data security challenges around AI and cloud. The addition of Trail is a huge leap forward in making this a reality for our customers, disrupting the entire data security space. Natively coupling DSPM with DLP gives every customer the crucial opportunity to build successful data security.”
