Cyera valued at $9 billion as data security firm raises $400 million

, By The Economic Times
Cyera valued at billion as data security firm raises 0 million
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Data security firm Cyera said on ‍Thursday it raised $400 million in a late-stage funding round, with ⁠its valuation tripling in little over a year to $9 billion, highlighting the surge in demand for AI-driven data ‌protection tools.

The ‌company was valued at $3 billion in a funding round in ‌November 2024, and that surged to $6 billion at its previous round in June, when it raised $540 million.

The soaring valuation underscores investor appetite for data security companies, whose tools help enterprises protect data as they scale up the…



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Cyera valued at $9 billion as data security firm raises $400 million

, Published By The Economic Times
Cyera valued at billion as data security firm raises 0 million
Funding



Data security firm Cyera said on ‍Thursday it raised $400 million in a late-stage funding round, with ⁠its valuation tripling in little over a year to $9 billion, highlighting the surge in demand for AI-driven data ‌protection tools.

The ‌company was valued at $3 billion in a funding round in ‌November 2024, and that surged to $6 billion at its previous round in June, when it raised $540 million.

The soaring valuation underscores investor appetite for data security companies, whose tools help enterprises protect data as they scale up the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News
Apple Releases Surprise iPhone Software Update for Millions of Users
Next News
What Is a Prop CRM and Why Do Growing Prop Firms Struggle Without One?
The Economic Times

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