Cyera, a New York-based company specializing in an AI-based data security platform, has raised $300 million in Series C funding, bringing its total funding to $460 million.
Investors
The round was led by Coatue, with participation from new investors such as Spark Capital, Georgian, and strategic backer AT&T Ventures. Existing investors Sequoia, Accel, Redpoint, and Cyberstarts also contributed to the round.
Founded in 1999, Coatue Management is a private equity firm based in New York, New York. Coatue invests in public and private equity markets, focusing on the technology, media, and telecommunications industries.
Cyera Use of Funds
The company will use the funding to further develop its offerings, aiming to enhance its data security platform for customers. Additionally, the funds may be allocated towards scaling operations, hiring additional talent, and potentially expanding its market reach.
About Cyera
Founded in 2021 by Yotam Segev and Tamar Bar-Ilan, Cyera is a company that provides a data security platform providing services such as data discovery and classification, data access governance, and data security posture management. Cyera's platform offers a comprehensive assessment of an organization's data, tracking its creation, storage, and usage across various environments, including hybrid setups with multiple applications, devices, and clouds.
Funding Details
Company: Cyera, Inc.
Raised: $300.0M
Round: Series C
Funding Month: April 2024
Lead Investors: Coatue
Additional Investors: Spark Capital, Georgian, AT&T Ventures, Sequoia, Accel, Redpoint, Cyberstarts
Company Website: https://www.cyera.io/
Software Category: Data Security
Source: https://techcrunch.com/2024/04/09/ai-data-security-startup-cyera-confirms-300m-raise-at-a-1-4b-valuation/