Israeli data security startup, Cyera, secured $100 million in Series B funding led by Accel, with continued participation from Sequoia, Cyberstarts, and Redpoint Ventures. The startup plans to expedite the development of its cloud-native operational platform with its replenished coffers.
Co-founded by Talpiot and 8200 alumni, Yotam Segev (CEO) and Tamar Bar-Ilan (CTO), Cyera delivers a data-centric approach to security. Cyera's platform not only learns a company's unique data and its business purpose, it also automates remediation workflows to reduce an attack surface and ensure operational resilience at the speed and scale of the cloud.
As businesses increasingly adopt Generative AI like ChatGPT, enterprises are grappling with the challenging dichotomy of innovation versus security and privacy risks. Cyera provides a robust solution, offering deep insights into their data and enabling companies to harness its power securely. It uses Large Language Models (LLMs) Generative AI to discover, classify, and secure sensitive data. The platform's unified policy engine identifies misconfigurations, recommends specific access controls, and generates new policies for data security.
Cyera has garnered industry recognition for its innovative approach to data security, winning several awards including the 2022 CISO Choice Award for Data Security, Best Enterprise Data Loss Prevention (DLP) Solution, and 2023 Data Security Platform of the Year.
The new investment brings the startup's total funding to $160 million. They revealed they experienced 800% revenue growth among their S&P 500 enterprise clients.
