While it is true cybersecurity funding has significantly slowed, it certainly has not dried up.
Data security startup raised a $300 million Series C led by at a $1.4 billion valuation. New investors , and , alongside existing investors , , , and also participated in the round.
The round nearly triples the New York-based startup���s valuation from its $100 million Series B last June which valued it at $500 million. Founded in 2021, Cyera has raised $460 million to date, per the company
Cyera offers a platform that helps security teams at companies understand what data they have and how it���s used, as well as how to secure it ��� all of which has become more important with companies relying on data to drive AI initiatives.
The startup also uses AI in its platform to assess risks a companies��� data represents regarding security, privacy and regulatory compliance.
���CIOs and CISOs are realizing it is critical that they secure all of their enterprise data as an absolute necessity in order to thrive and survive in a new AI-driven world,��� said co-founder and CEO . ���Cyera is working closely and solving this problem for the world’s largest enterprises.���
Cyber cash
Cyera becomes just the latest cybersecurity firm to make headlines regarding big money funding ��� or at least the potential of big money.
Another data-related security company, -back , filed to go public just last week in the latest sign of a reawakening IPO market.
In the past month, there also has been a plethora of startup���s raising large private rounds, including:
- New York-based , a cybersecurity platform purpose-built for small and medium-sized enterprises, announced a $100 million Series D led by ;
- New York-based data privacy startup raised a $60 million round led by ; and
- locked up a $100 million Series E from investors including and . The San Francisco-based company offers industrial security ��� also called operational technology security ��� and IoT security platforms.
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Related reading:
- Cyera Nabs $100M To Protect Data
- Nozomi Networks Raises $100M As Investors Eye Industrial Cybersecurity Once Again
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