Cyera Raises $600 Million at $12 Billion Valuation
Summary
Data security firm Cyera raised $600 million in a round led by Evolution Equity Partners, reaching a $12 billion valuation. The company says its platform helps organizations discover and secure data, including data accessible to AI.
Key points
- Cyera announced a $600 million funding round led by Evolution Equity Partners, with participation from several other investors.
- The round values Cyera at $12 billion and brings its total funding to more than $2.3 billion.
- Cyera says its platform discovers and classifies data at rest, in motion, or in use.
- The company says its platform can identify sensitive data at risk and enforce controls across existing workflows, including governing what AI can access and do.
Article Details
- Event Type
- Funding announcement
- Impact
- Cyera raised $600 million, bringing its valuation to $12 billion and total funding to more than $2.3 billion. The company said the funding will support development of its data security platform for organizations adopting AI.