Data security company Cyera has secured a $400 million Series F funding round, increasing its valuation to $9 billion, up from $6 billion just six months ago. The New York-based company specializes in data security posture management, offering a service that enables organizations to monitor the location of sensitive data within their cloud systems and databases, track its usage, and identify security vulnerabilities.
The funding round, led by Blackstone and joined by existing investors like Accel, Coatue, and Sequoia, highlights Cyera’s rapid growth driven by the surge in data volume due to AI advancements and the escalating concerns surrounding data breaches. Cyera boasts a substantial client base, including a fifth of the Fortune 500 companies, and has tripled its revenue in the past year, attracting significant investor interest.
Source: TechCrunch