Israeli data security firm Cyera raises $540 million, value doubles to $6 billion

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Israeli data security startup Cyera said on Wednesday it raised $540 million in a late-stage private funding round that doubled its valuation to $6 billion over the past seven months.

Cyera, whose platform is powered by AI, said it would use the funds to grow and scale its data security platform and capabilities.

As enterprises rapidly embrace generative AI, copilots, and foundation models, securing the data that powers those systems has become a top priority, it added.

“Across the board, we’re hearing the need for enterprises to push hard on AI, yet…



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Israeli data security firm Cyera raises $540 million, value doubles to $6 billion


Israeli data security startup Cyera said on Wednesday it raised $540 million in a late-stage private funding round that doubled its valuation to $6 billion over the past seven months.

Cyera, whose platform is powered by AI, said it would use the funds to grow and scale its data security platform and capabilities.

As enterprises rapidly embrace generative AI, copilots, and foundation models, securing the data that powers those systems has become a top priority, it added.

“Across the board, we’re hearing the need for enterprises to push hard on AI, yet…



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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