Total amount raised
$764.5 Millions
Latest funding date
Location
Cyera has successfully raised $300 million over four funding rounds, achieving a valuation of $3 billion. The platform is an AI-powered data security solution, offering comprehensive services like Data Security Posture Management and Data Access Governance.
Keep reading to explore the intricacies of Cyera's fundraising journey and the investors backing this innovative platform.
What Is Cyera?
Founded in 2021 by Tamar Bar-Ilan and Yotam Segev, Cyera is an AI-powered data security platform based in New York, New York. The company focuses on providing enterprises with deep context on their data to ensure cyber-resilience and compliance.
Cyera offers a data-centric approach to security, empowering security teams to know where their data is, what exposes it to risk, and take immediate action to remediate exposures. Their services include AI-Powered Data Discovery and Classification, Data Security Posture Management, and Data Access Governance.
With a team of 11-50 employees, Cyera continues to innovate in the data security landscape, helping businesses discover, classify, and secure their data effectively.
How Much Funding Has Cyera Raised?
- Seed Round
- Amount Raised: $4.5M
- Date: December 2020
- Lead Investors: Cyberstarts
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of its AI-powered data security platform.
- Series A
- Amount Raised: $60M
- Date: March 2022
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series B
- Amount Raised: $100M
- Date: June 2023
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
- Series C
- Amount Raised: $300M
- Date: April 2024
- Lead Investors: Coatue
- Valuation at Round: $1.4 billion
- Motivation Behind the Round: To support rapid growth and market expansion.
- Series D
- Amount Raised: $300M
- Date: November 2024
- Lead Investors: Accel, Sapphire Ventures
- Valuation at Round: $3 billion
- Motivation Behind the Round: To accelerate platform development and acquire Trail Security.
Cyera has raised a total of $764.5 million with a current valuation of $3 billion.
Key Investors
- Accel
- Details: Accel is a global venture capital firm that partners with exceptional teams from inception through all phases of private company growth. They have a strong track record of investing in technology companies at various stages.
- Investment Focus Areas: Technology, internet, software, mobile sectors.
- Notable Investments: Facebook, Slack, Dropbox, Spotify.
- Sapphire Ventures
- Details: Sapphire Ventures is a venture capital firm with more than $10 billion in assets under management, focusing on scaling companies and venture funds. They have a global presence and a strong portfolio of technology-driven companies.
- Investment Focus Areas: Enterprise software, fintech, healthcare.
- Notable Investments: LinkedIn, Box, Square, 23andMe.
- Sequoia
- Details: Sequoia is a venture capital firm known for investing in early and growth-stage companies. They have a long history of backing some of the most successful technology companies in the world.
- Investment Focus Areas: Technology, healthcare, consumer, financial services.
- Notable Investments: Apple, Google, Oracle, WhatsApp.
- Coatue
- Details: Coatue is a global investment firm focused on public and private companies in the technology, media, and telecommunications sectors. They are known for their data-driven investment approach.
- Investment Focus Areas: Technology, media, telecommunications, consumer sectors.
- Notable Investments: Snap, DoorDash, ByteDance, Instacart.
- Redpoint Ventures
- Details: Redpoint Ventures is a venture capital firm that invests in seed, early, and growth-stage companies. They have a strong focus on technology and consumer internet sectors.
- Investment Focus Areas: Technology, consumer internet, enterprise sectors.
- Notable Investments: Netflix, Stripe, Twilio, Snowflake.
What's Next for Cyera?
Cyera's future is brimming with opportunities, driven by the increasing demand for AI-powered data security solutions. The company plans to expand its workforce from 400 to 600 employees by the end of 2025, leveraging its recent acquisition of Trail Security to enhance its Data Security Posture Management (DSPM) solution. With a valuation of $3 billion and a total funding of $760 million, Cyera is well-positioned to capture a significant share of the multi-billion dollar data security market.
Future fundraising opportunities seem promising as Cyera continues to innovate and expand its product offerings. The company may attract further investment rounds, especially as it aims to reach $100 million in revenue in the second half of the next year. However, Cyera will face challenges such as intense competition from other cybersecurity firms and the need to integrate acquisitions effectively. Navigating these hurdles will be crucial for maintaining its growth trajectory and market position.
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