Cyera, a data security company, has raised $540 million in Series E funding, valuing it at $6 billion and boosting its total funding to over $1.3 billion. The platform focuses on securing data across cloud, SaaS, on-premises, and data lake environments, especially as enterprises adopt AI, and plans to expand through acquisitions and hiring. #Cyera #generativeAI #dataprotection
Keypoints
- Cyera has successfully raised $540 million in Series E funding.
- The company’s valuation is now at $6 billion, with total funding exceeding $1.3 billion.
- Cyera’s platform offers data discovery, classification, security posture management, and access governance.
- The company is actively acquiring startups like Trail Security to enhance its data loss prevention technology.
- Funding will support product growth, hiring, and expansion into new markets globally.
Read More: https://www.securityweek.com/cyera-raises-540-million-to-expand-ai-powered-data-security-platform/