Cyera, a NYC-based data security company, raised $300M in Series C funding, at $1.4 Billion valuation.
The round was led by Coatue with participation from new investors Spark Capital, Georgian, and AT&T Ventures, alongside investment by all existing investors Sequoia, Accel, Redpoint, and Cyberstarts.
The company intends to use the funds to expand operations and its business reach.
Founded in 2021 by Yotam Segev (CEO) and Tamar Bar-Ilan (CTO), Cyera provides an operating system for enterprises’ data security and lifecycle programs. Cyera’s data classification engine, driven by the novel use of AI, machine learning, and cloud computing, leverages an agentless data security approach to discover, classify, assess, and protect structured and unstructured data across clouds, SaaS, data lakes, and on-prem environments.
The company, which has secured a total of $460M to date, also announced the appointment of Jason Clark as Cyera’s Chief Strategy Officer. Clark, formerly Chief Security Officer & Chief Strategy Officer at Netskope, has been an advisor to Cyera since its founding as part of his role at VC firm Cyberstarts. Throughout his 30-year career, he has served as Chief Security Officer and held multiple CSO / Go-To-Market leadership positions at organizations such as Optiv, Forcepoint, Emerson Electric, and The New York Times Company.
FinSMEs
09/05/2024