MoneyThe story, in brief
Cyera raises $300M at $12B valuation, doubling its worth in five months
$300M. Cyera just doubled its valuation to $12B in five months—here's why data security startups are suddenly venture darlings.
The KeyNews take
Why it matters
Cyera's rapid revaluation signals explosive investor appetite for AI-powered data security, a critical infrastructure play as enterprises race to govern sensitive data across cloud sprawl.
The key facts
5 to knowCyera raised $300M Series D
Valuation doubled from ~$6B to $12B in 5 months
Founded 2021
Platform maps and classifies sensitive data across cloud, data stores, and SaaS applications
AI-driven data security category gaining momentum
Go to the source
SiliconAnglesiliconangle.com
Publisher excerpt: Artificial intelligence and data security company Cyera Ltd. has raised $300 million in new funding at a valuation of $12 billion, more than doubling its worth in five months. Founded in 2021, Cyera’s platform scans cloud accounts, data stores and software-as-a-service applications and maps where a…