Cyera Secures $300M Series D, Hits $3B Valuation to Lead Data Security Market

By Stefania Viscusi | November 22, 2024

Data security provider Cyera has announced a $300 million Series D funding round, raising its valuation to $3 billion—more than doubling in just six months. The investment, led by Accel and Sapphire Ventures with participation from Sequoia, Redpoint, Coatue, and Georgian, points to Cyera's rapid growth and solidifies its position in the $23.68 billion data security market.

This round follows a $300 million Series C earlier this year, bringing the company’s total funding to $760 million since its 2021 launch.

As artificial intelligence (AI) adoption grows across industries, businesses face new challenges in securing their data. Cyera’s AI-powered platform addresses these complexities by enabling companies to discover, classify, and safeguard data across cloud, SaaS (News - Alert), and on-premises environments with speed and precision.

Its AI-driven solutions are designed to meet the evolving cybersecurity needs of modern organizations, helping them ...