Israeli data security firm Cyera raises $540 million, valued at $6 billion
JERUSALEM (Reuters) -Israeli data security startup Cyera said on Wednesday it raised $540 million in a late-stage private funding round to bring its valuation to $6 billion.
Cyera, whose platform is powered by AI, said it would use the funds to grow and scale its data security platform and capabilities to "meet growing global demand for secure, responsible AI adoption in today's AI-driven enterprise."
The round was led by Georgian, Greenoaks, and Lightspeed Venture Partners, alongside existing investors Accel, Coatue, Cyberstarts, Redpoint, Sapphire, Sequoia Capital and Spark, the company said.
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