The New York-based company offers a platform that aids security teams in understanding their data and how to secure it, a service that has become increasingly important as companies rely on data for AI initiatives. The platform also uses AI to assess the risks a company's data presents in terms of security, privacy, and regulatory compliance. Other cybersecurity firms have also recently raised significant funding, including Coro, BigID, and Nozomi Networks.
Key takeaways:
- Data security startup Cyera raised a $300 million Series C led by Coatue at a $1.4 billion valuation, nearly tripling its valuation from its $100 million Series B last June.
- New investors Spark Capital, Georgian and AT&T Ventures, alongside existing investors Sequoia Capital, Accel, Redpoint Ventures, and Cyberstarts also participated in the round.
- Cyera offers a platform that helps security teams at companies understand what data they have and how it’s used, as well as how to secure it, and uses AI to assess risks a companies’ data represents regarding security, privacy and regulatory compliance.
- Other cybersecurity firms have also been raising large private rounds, including New York-based Coro, BigID, and Nozomi Networks.