Data Security Startup Cyera Locks Up $300M At $1.4B Valuation

Cybersecurity startup Cyera has secured $300 million in a Series C funding round, tripling its valuation to $1.4 billion from $500 million in its Series B round last June. The round was led by Coatue and included participation from new investors Spark Capital, Georgian, and AT&T Ventures, as well as existing investors Sequoia Capital, Accel, Redpoint Ventures, and Cyberstarts. Cyera, founded in 2021, has raised a total of $460 million to date.

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.

Data Security Startup Cyera Locks Up $300M At $1.4B Valuation

Key takeaways

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