Cyera, a NYC-based company which specializes in AI-powered data security, acquired Trail Security, a Tel Aviv, Israel-based data loss prevention (DLP) company, for $162M.
The acquisition will integrate Trail’s advanced DLP capabilities with Cyera’s data security posture management (DSPM) platform, its core product, offering a unified data security platform.
Led by CEO Yotam Segev, Cyera is an AI-powered data security platform that helps organizations manage and protect their data in today’s complex digital landscape. The company’s platform combines advanced Data Security Posture Management (DSPM) with real-time enforcement controls, providing customers with a comprehensive solution for securing their data assets against evolving threats.
Both Cyera and Trail leadership teams have been part of Israel’s Talpiot program, a renowned military technology unit that boasts just 1,000 elite alumni over 40 years.
Cyera will onboard 40 Trail employees with deep technical expertise. The new team will serve as the foundation for Cyera’s DLP division. Cyera is on pace to grow to over 1,000 employees in the next two years.
Led by Zohar Vittenberg, CEO, Trail was backed with over $35m of funding from VCs Lightspeed Ventures, CRV, and Cyberstarts.
Commenting on the news, Vittenberg said: “We’ve always aimed to push the limits of data loss prevention with AI. In Cyera, we’ve found a partner that shares our vision. Together, by combining our DLP with their leading DSPM platform, we’re delivering a solution that both identifies and protects against data risks in real-time, setting a new standard for data security in an AI-driven world.”
FinSMEs
17/10/2024