After raising $300 million in April, data security startup closed another $300 million windfall at more than twice its previous valuation.
The New York-based company announced a $300 million Series D led by and at a $3 billion valuation.��
Just seven months ago, Cyera raised a $300 million Series C led by at a $1.4 billion valuation. That round nearly tripled the startup���s valuation from its $100 million Series B in June 2023 that valued it at $500 million. Founded in 2021, Cyera has raised $760 million to date, per the company.
, , Coatue and also participated in the new round announced Wednesday.
Cyber and AI
While a cybersecurity company, Cyera is certainly riding the AI wave. The startup has an AI-powered data security platform that helps security teams at companies understand what data they have and how it���s used, as well as how to secure it across a complex digital landscape. Of course, the reliance on data has only become stronger as companies drive AI initiatives.
Cyera also uses AI in its platform to assess risks a companies��� data represents regarding security, privacy and regulatory compliance.
���Data security has become the top priority for businesses as they navigate the complexities of a rapidly evolving data landscape shaped by the rise of AI,��� said co-founder and CEO in a . ���This funding enables us to continue accelerating platform development, attracting world-class talent in R&D, sales, and marketing, and strategically acquiring solutions that align with our vision for the future of data security.”
Cyera���s round is one of the biggest in cyber this year and the largest since secure content company raised a $456 million round from and .
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Related reading:
- Data Security Startup Cyera Locks Up $300M At $1.4B Valuation
- Cyber Startup Kiteworks Locks Up $456M From Insight, Sixth Street
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