"The wings are lifting the valuation of Segev's startup too. In June, Cyera was valued at $6 billion in its seventh funding round. Now, just six months later, Cyera is worth $9 billion. Cyera raised $400 million in its recently closed Series F funding, the company exclusively confirmed to Fortune. Blackstone Growth led the round, with participation from existing investors including Accel, Coatue, Cyberstarts, Georgian, Greenoaks, Lightspeed Venture Partners, Redpoint, Sapphire Ventures, Sequoia Capital, and Spark."
"Cyera, which has grown to 1,100 employees, has its roots in Israel, and cofounder and CTO Tamar Bar-Ilan served in Israel's famed Unit 8200. Cyera's customers include AT&T, Peloton, Nordstrom, and Chipotle, though the company declined to disclose its current financial results (In June, it said its annual recurring revenue had surpassed $100 million). The funding is the latest sign of investors' growing recognition of the importance of cybersecurity in the AI age, creating a flurry of deals and a new crop of cybersecurity mega-unicorns."
Cyera built a platform to secure enterprise data at scale and pivoted into a critical role as companies feed AI with internal data. The company raised $400 million in a Series F led by Blackstone Growth and reached a $9 billion valuation after a rapid jump from $6 billion six months earlier. Cyera employs about 1,100 people, traces roots to Israel with technical leadership from Unit 8200, and lists major customers such as AT&T, Peloton, Nordstrom, and Chipotle. Investors are aggressively funding cybersecurity firms as AI increases data risk and drives mega-deals in the sector.
Read at Fortune
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