Monday, June 17, 2024
HomeFunding Israel-Based Data security Company Cyera Secures $300 Million

[Funding Alert] Israel-Based Data security Company Cyera Secures $300 Million

Israeli data security startup Cyera has announced the close of a $300 million funding round. Coatue spearheaded the funding round, which included participation from RedPoint, Accel, Sequoia, and Cyberstarts as well as new investors AT&T, Spark Capital, and Georgian. This raises Cyera's total fundraising to around $500 million.

Israeli data security startup Cyera has announced the close of a $300 million funding round. Coatue spearheaded the funding round, which included participation from RedPoint, Accel, Sequoia, and Cyberstarts as well as new investors AT&T, Spark Capital, and Georgian. This raises Cyera’s total fundraising to around $500 million.

After years of stagnation, growing firms are seeing an increase in investment, as evidenced by this most recent major financing round. Israeli startups Fundguard, Coro, and Hailo have completed investment rounds totaling more than $100 million apiece in only the last few weeks.

Read also – India-based Cornerstone Ventures secures $200 Million of its Second Fund

Israeli firms are anticipated to announce additional $800 million fundraising rounds by the end of this week. Cyera is the only Israeli business to achieve unicorn status through new investment, in contrast to the other companies that have recently announced significant funding rounds.

The founders of Cyera, CEO Yotam Segev and CTO Tamar Bar-Ilan, were coworkers in the IDF’s Unit 8200, where they established, developed, and oversaw the cloud security branch. The business has created a cloud-native, agentless platform that leverages native APIs to continuously find, categorize, and safeguard critical data. It can be put into use in a matter of minutes.

Read also – India-based Neysa Secures $20 Million in Funding

Data security managers at enterprises can now oversee all the data in their information systems, including those in the corporate cloud, local servers, and endpoints like PCs and smartphones, thanks to cloud data security businesses like Cyera.

About Cyera

Cyera approaches security from a data-centric perspective, evaluating all user exposure to sensitive data. Their datagraph evaluates the user environment’s danger surface, data access, and security measures across several risk dimensions automatically and continuously.

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