Cyera's platform, powered by AI and machine learning, enables companies to continuously discover, classify, and protect their data across multiple environments. The company's growth is further underscored by its recent acquisition of Trail Security, a next-gen data loss protection company, for $162M. With this latest funding, Cyera aims to expand its product capabilities, accelerate innovation, and continue delivering solutions that meet the evolving cybersecurity needs of its customers.
Key takeaways:
- Data security company Cyera has secured $300 million in Series D funding, led by Accel and Sapphire Ventures, bringing its valuation to $3 billion.
- The funding will be used to accelerate platform development, attract talent in R&D, sales, and marketing, and acquire solutions that align with Cyera's vision for the future of data security.
- Cyera's AI-driven platform provides real-time visibility into sensitive data access and offers automated policies that dynamically adjust as data environments grow.
- Cyera recently acquired Trail Security, a next-gen data loss protection company, for $162M, significantly enhancing its Data Security Posture Management solution.