Cyera, a company focused on securing enterprise data in the age of AI, has secured $540 million in Series E funding, doubling its valuation to $6 billion within just six months of its last funding round. This brings the company's total funding to over $1.3 billion. Georgian, Greenoaks, and Lightspeed Venture Partners led the investment, joined by earlier backers including Accel, Coatue, Cyberstarts, Redpoint, Sapphire Ventures, Sequoia Capital, and Spark Capital. With rapid AI adoption across enterprises, Cyera has grown quickly by providing organizations with tools to locate, classify, and safeguard sensitive data. The company’s expansion includes operations in 10 countries, 800 employees, and multiple acquisitions, such as Trail Security, to build out its AI-based data loss prevention platform.
Cyera CEO Yotam Segev emphasized that prioritizing data security is essential for enterprises looking to adopt AI responsibly, calling it “the most critical capability” in that effort. Steve Leightell, lead investor at Georgian, said the firm is “excited to invest further to support this next stage of growth.” Lightspeed Venture Partners' Guru Chahal added that what set Cyera apart wasn’t just its technology, but that “customers saw Cyera as the only platform capable of securing data at the speed and scale that AI now demands.” Cyera’s platform addresses data risks across cloud services, AI tools, databases, and on-premise environments.
