Cyera raises $400 million at $9 billion valuation in Blackstone-led round
The Israeli data security company has increased its valuation sixfold in little more than a year.
Israeli cybersecurity company Cyera is raising $400 million at a valuation of $9 billion, led by U.S. investment firm Blackstone. The fundraising represents a sharp increase from the company’s previous round in May, when Cyera was valued at $6 billion. That round saw the cyber unicorn double its value in just six months. The latest round brings the company’s total funding to over $1.7 billion.
Cyera investors include Georgian, Greenoaks, Lightspeed Venture Partners, Accel, Coatue, Cyberstarts, Redpoint, Sapphire, Sequoia Capital, and Spark.
Founded in 2021 by Yotam Segev (CEO) and Tamar Bar-Ilan (CTO), both graduates of the elite Talpiot program and veterans of Unit 8200, Cyera develops an AI-powered platform that helps organizations discover, classify, and protect sensitive data, wherever it resides. The company operates in the global data security market, currently valued at $24 billion.
As more enterprises adopt AI systems, the risk of exposing proprietary or sensitive data has increased dramatically. Cyera positions itself as a crucial layer in enabling secure, enterprise-grade AI deployment.
Since early 2023, Cyera has reported 353% growth in its Fortune 500 customer base, acquired Trail Security, and launched a solution to prevent data leaks in the age of AI. The company has around 800 employees.
In June, Cyera acquired fellow Israeli firm Otterize, which specializes in securing non-human identities in cloud environments, in a deal valued at tens of millions of dollars.
That marked the company's third Israeli acquisition, after also purchasing Trail Security, which was acquired last October and integrated into its platform. To date, the company has invested an estimated $250 million in Israeli acquisitions.
