Cyera, a San Mateo, CA-based data security company, raised $100M in Series B funding.
The round, which brought the total amount to $160M, was led by Accel with participation from existing investors Sequoia, Cyberstarts and Redpoint Ventures.
The company intends to use the funds to accelerate the development of its data security platform and global go-to-market initiatives.
Led by CEO Yotam Segev, Cyera provides a platform that uses large language models to automatically discover, classify, and secure sensitive data with an unified policy engine that identifies misconfigurations, recommends specific access controls, and generates new policies for data security, to assure compliance, and to govern sensitive data access.
The AI-powered data security platform instantly learns an enterprise’s unique data and its business purpose, empowering security teams to understand the data they have, how it is used, and apply the correct controls to secure it. Cyera provides holistic data security across SaaS, PaaS, and IaaS environments. With its suite, security teams always understand where their data is, who can access it, how it is secured and managed, and the exposures that increase their risk across domains and platforms. Cyera then automates remediation workflows to reduce the attack surface and ensure operational resilience at the speed and scale of the cloud.
The platform uses large language models to automatically discover, classify, and secure sensitive data, everywhere. Its unified policy engine identifies misconfigurations, recommends specific access controls, and generates new policies for data security, to assure compliance, and to govern sensitive data access.
Since emerging from stealth in March of 2022, the company has gained significant traction among S&P 500 enterprises, growing revenue by 800%.
FinSMEs
27/06/2023