Brief
Published:
Data security startup Cyera continues its growth momentum. Thursday he announcement a $400 million Series F funding round at a valuation of $9 billion. The New York-based company has now raised more than $1.7 billion. This funding comes just six months after the previous $540 million. 6 billion dollar tower assessment.
The new round was led by funds managed by Blackstone with participation from existing investors including Accel, Coatue, Lightspeed, Redpoint, Sapphire, Sequoia and others.
Cyera offers what he calls data security posture managementa service that helps businesses determine where all their sensitive data is located in cloud systems and databases, track how employees and applications use it, and identify security vulnerabilities. The rise of AI — which has increased both the volume of data companies process and concerns about data leaks — has helped Cyera sign up a fifth of Fortune 500 companies as customers and more than triple its revenue in the past year, the company said, prompting investors to eagerly jump on board.
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