Israeli cybersecurity company Cyera has raised $540 million in its latest funding round, known as Series E. This new investment values the company at $6 billion—twice as much as just six months ago. According to media reports, Cyera has now raised more than $1.3 billion in total.
The funding round was led by Georgian, Greenoaks, and Lightspeed Venture Partners, with support from earlier investors like Accel, Coatue, Cyberstarts, Redpoint, Sapphire, Sequoia Capital, and Spark. Approximately $100 million of the total amount will be allocated for secondary sales, enabling some early employees and founders to cash out a portion of their shares.
Cyera was founded in 2021 by Yotam Segev (CEO) and Tamar Bar-Ilan (CTO). Both are graduates of Israel’s elite Talpiot program and served in the military’s top tech unit, Unit 8200.
The company develops an AI-powered platform that enables businesses to locate, comprehend, and safeguard sensitive data, regardless of its storage location. Cyera operates in the global data security market, which is currently valued at $24 billion.
As more companies start using AI, the chances of accidentally exposing private or sensitive data have gone up a lot. Cyera sees itself as an important tool that helps businesses use AI safely and securely.
“The $6 billion valuation excites us, but it doesn’t scare me,” Segev told Calcalist. “We’re just getting started. We’re close to reaching $100 million in annual revenue, and we have a plan to triple that next year.”
Since early 2023, Cyera has grown quickly. It has seen a 353% increase in customers from the Fortune 500 list, bought another company called Trail Security, and launched a new tool to help stop data leaks caused by AI.
The company now has nearly 800 employees—three times more than it had a year ago. It has also attracted top leaders from major tech companies, including AWS, Palo Alto Networks, Zscaler, and Snowflake. One significant addition is Frank Slootman, the former CEO of Snowflake, who has joined Cyera’s board.
“Investors are doubling down where the market is moving and where there is proven traction. AI runs on GPUs and Data. Cyera’s focus on data security is the most critical capability the enterprise needs to adopt AI responsibly,” added Segev. “Across the board, we’re hearing the need for enterprises to push hard on AI, yet they must move fast without compromising security and control. This funding allows us to scale our platform and team to meet the growing global demand for secure, responsible AI adoption.”
Lior Simon, General Partner at Cyberstarts, noted: “We’ve been with Cyera since day one, and we’ve witnessed how a sharp vision, paired with the ability to learn, adapt, and refine, has turned them into a market-defining force. As AI becomes deeply embedded in enterprise operations, Cyera’s solution is more essential than ever. They’re not responding to change; they’re shaping it. We are proud to continue supporting them as they enter this next phase.”
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