Homegrown data security startup Cyera has drawn a giant $400 million Series F round. Yet this success has raised its valuation to a mind-boggling $9 billion. All of this huge infusion comes only half a year after the last major funding round. That round ended up raising $540 million and valuing the company at $6 billion. This latest funding is a testament to the enterprise, accelerating and explosive need for strong AI security solutions.
Co-founded as well by lumnia’s current ceo, Cyera provides a data security posture management platform. They are indispensable hubs that unlock vital insight—positive and negative—contained within government organizations’ sensitive data. Companies using Cyera’s platform can more easily understand where their sensitive data lives across complex cloud ecosystems and on-premises databases. This feature is a must-have to allow organizations to gain a complete view of their data to protect it accordingly.
Alongside revealing where sensitive data lives through comprehensive mapping, Cyera’s service provides ongoing visibility into how sensitive data is being used across your employees and applications. This visibility strengthens organization-wide accountability, enabling equitable and compliant use of sensitive data. In doing so, they can minimize risks associated with malicious use or abuse. Additionally, the platform monitors security vulnerabilities enabling organizations to address issues before hackers can exploit them to compromise data assets.
This recent funding is an encouraging sign of change within the tech industry. To address growing threats, companies are increasingly focusing on AI-driven security solutions. With this round totaling $20 million, Cyera’s funding total now surpasses $1.7 billion, securing Cyera’s position as the leader in the rapidly evolving data security space.
In less than a year, Cyera’s valuation and funding has jumped to 100x. This demonstrates the company’s critical importance in helping organizations navigate the challenges of data security in an era of increasing cyber threats. Commercial enterprises are quickly migrating their business functions entirely to the cloud. As this trend continues, the need for efficient data management and robust security solutions will reach new heights.
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