1 month ago
8
Data security company Cyera announced on Wednesday that it has raised $300 million in a Series D funding round.
The latest investment, which brings the total raised by the firm since it was founded in 2021 to $760 million, was led by Accel and Sapphire Ventures, with participation from Sequoia, Redpoint, Coatue, and Georgian.
“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,” said Yotam Segev, co-founder and CEO of Cyera.
Cyera is now valued at $3 billion, more than double compared to its valuation in April, when it announced raising $300 million in a Series C funding round.
The new funding was announced one month after Cyera revealed the acquisition of stealth mode startup Trail Security for its data loss prevention technology. Cyera bought Trail for $162 million in cash and stock.
Cyera provides an agentless, cloud-native platform that enables organizations to continuously discover, classify and secure data across cloud, SaaS, data lake, and on-premises environments.
The platform also provides data security posture management, privacy, detection and response, and access governance capabilities.
Related: Noma Security Raises $32 Million to Safeguard Gen-AI Applications
Advertisement. Scroll to continue reading.
Related: Bug Bounty Platform Bugcrowd Secures $50 Million in Growth Capital
Related: Data Loss Prevention Startup MIND Emerges From Stealth With $11M in Funding