萝莉视频

It has been sluggish on the M&A front in most sectors all year 鈥� and cybersecurity is no different.

However, on Thursday New York-based data security startup bought data loss prevention firm for $162 million. Trail had been backed with more than $35 million of funding from the likes of , and .

鈥淭he acquisition of Trail is a pivotal step in Cyera鈥檚 journey to reshape the future of data security,鈥� said , CEO and co-founder of Cyera, in a .

Cyera offers a platform that helps security teams at companies understand what data they have and how it鈥檚 used, as well as how to secure it 鈥� 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 company鈥檚 data represents regarding security, privacy and regulatory compliance.

In April, Cyera raised a $300 million Series C led by at a $1.4 billion valuation. The round nearly tripled the startup鈥檚 previous valuation from its $100 million Series B in June 2023.

The company is looking at at least $200 million at a pre-money valuation of around $3 billion.

Founded in 2021, Cyera has raised nearly $465 million to date, .

M&A uptick

So far this year, there have been 67 M&A deals involving VC-backed startups in cybersecurity, per 萝莉视频 .

That is already more than the 58 for all of last year. Despite the generally slow M&A market, this year could even beat 2022鈥檚 84 deals involving VC-back cyber startups.

The largest M&A cyber deal this year involving a VC-backed firm was credit card giant agreeing to buy threat intelligence company for $2.65 billion.

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Related reading:

• Data Security Startup Cyera Locks Up $300M At $1.4B Valuation
• Cyera Nabs $100M To Protect Data
• Cybersecurity Dealmaking Shows Signs Of Life
• Mastercard Buys Insight Partners鈥� Recorded Future For $2.65B

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