Cyera co-founders Yotam Segev, CEO, and Tamar Bar-Ilan, CTO
Cyera is an Israeli startup offering cloud data security and a unicorn that is now a super unicorn with a $3 billion valuation. The firm hit that mark, doubling its previous valuation in just six months, when it raised $300 million in a Series D round of funding led by Accel and Sapphire Ventures.
Cyera hit the coveted unicorn status – a billion dollar plus valuation – in April when it reached a $1.4 billion valuation after raising $300 million. The firm has now raised $760 million to date.
As AI reshapes industries, safeguarding sensitive data becomes paramount. Cyera’s AI-powered platform revolutionizes data security, offering unparalleled speed, scale, and precision. By seamlessly discovering, classifying, and protecting data across diverse environments—cloud, SaaS, and on-premises—Cyera empowers organizations to maintain control and mitigate risks. With AI-driven automation, Cyera accelerates data security initiatives, achieving in days what traditional methods take years to accomplish.
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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 datastores 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.
In February, Cyera’s cloud-native data security platform became available on Google Cloud Marketplace.
“We are excited to have the continued support of our investors as we push the boundaries of innovation and scale the world’s leading AI-driven data security platform,” said Yotam Segev, Co-Founder and CEO of Cyera. “Data security has become the top priority for businesses as they navigate the complexities of a rapidly evolving data landscape shaped by the rise of AI. 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.”
