The data security boom is far from over. Just six months after securing a $1.4 billion valuation, Cyera has returned to the market to raise an additional $300 million, catapulting its worth to an estimated $3 billion.
This massive financial jump signals a strong investor confidence in automated data security posture management (DSPM). As enterprises struggle to reign in shadow AI and sprawling cloud environments, Cyera’s platform offers a solution to classify and secure sensitive data at scale.
Co-led by Accel and Sofina, this round highlights a distinct trend in the current market: while late-stage funding has slowed generally, top-tier security infrastructure companies are still commanding unicorn status. The funds will likely accelerate Cyera’s R&D and global expansion efforts.
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