While it’s true that cybersecurity funding has slowed considerably, it has not dried up.
Data safety startup Cyera has raised $300 million in Series C led by Coatue at a $1.4 billion valuation. In addition to new traders Spark Capital, Georgian, and AT&T Ventures, present traders Sequoia Capital, Accel, Redpoint Ventures, and Cyberstarts additionally participated within the spherical.
The spherical almost triples the New York-based startup’s valuation from its $500 million Series B valuation of $100 million final June. Cyera was based in 2021 and the corporate has raised $460 million up to now.
Cyera offers a platform that helps enterprise safety groups perceive what knowledge they’ve, the way it’s used, and methods to defend it. All of that is changing into extra essential as firms depend on knowledge to energy their AI initiatives.
The startup additionally makes use of AI on its platform to evaluate the chance that an organization’s knowledge represents by way of safety, privateness, and regulatory compliance.
“CIOs and CISOs acknowledge that securing all company knowledge is completely vital to succeeding and surviving within the new AI-driven world,” mentioned Co-Founder and CEO Yotam Segev mentioned. “Cyera is working intently collectively to resolve this downside for the world’s largest firms.”
cyber money
Cyera has develop into the newest cybersecurity firm to make headlines for elevating large cash, or a minimum of the potential for giant cash.
Rubrik, one other Microsoft-backed knowledge safety firm, filed to go public simply final week, within the newest signal of a reinvigorated IPO market.
The previous month has additionally seen plenty of startups increase funding in massive non-public rounds, together with:
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Illustration: Dom Guzman
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