Data Protection Startup Cyera Raises $300M on $3B Valuation

Cyera's Valuation Doubles Amid Expansion From DSPM to DLP, Identity Protection Michael Novinson (MichaelNovinson) • November 20, 2024

Cyera closed its second massive funding round of 2024, raising another $300 million and doubling its valuation as the startup consolidates the data security market.

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The New York-based startup said the Series D investment will help Cyera expand its product portfolio in areas such as data loss prevention and identity security and use AI to deepen its data security capabilities, according to co-founder and CEO Yotam Segev. Cyera's valuation jumped from $1.4 billion in April to $3 billion today thanks to rapid customer acquisition and a bigger product portfolio, according to Segev.

"Customers want more of the value that they're receiving," Segev told Information Security Media Group. "The investors are ...