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Data Security Firm Cyera Raises $100M Investment: Data security firm Cyera has secured a significant investment of $100 million as investors show continued interest in the data security posture management (DSPM) space.
With strong backing from Accel, Sequoia, Cyberstarts, and Redpoint Ventures, Cyera aims to develop and market its data security product to assist organizations in discovering and protecting their cloud data stores.
Key Takeaways on Data Security Firm Cyera Raises $100M Investment:
- Cyera secures a $100 million funding round in the DSPM space, driven by investors’ interest in data security posture management.
- The investment brings Cyera’s total funding to $160 million since its launch in 2022.
- Cyera’s AI-powered data security platform provides visibility and protection for data across various cloud environments without the need for agents.
Cyera, a cybersecurity startup with the backing of Sequoia, has recently announced an impressive $100 million funding round. This substantial investment reflects the continued interest of investors in the data security posture management (DSPM) space.
Significant Funding for Growth and Development
Cyera, originating from Israel, has successfully raised $100 million in a Series B funding round led by Accel.
Existing investors Sequoia, Cyberstarts, and Redpoint Ventures have also participated in the round, solidifying Cyera’s position in the market.
With a total funding amount of $160 million since its emergence in March 2022, Cyera aims to develop and market its data security product, specifically designed to assist organizations in the identification and protection of their cloud data stores.
Investment in the Expanding DSPM Category
The DSPM space has garnered substantial attention from venture capital investors who recognize the potential of providing technology to help businesses discover and classify attack paths to sensitive data stored in prominent cloud platforms like AWS, Azure, and GCP.
Cyera joins the ranks of other well-funded DSPM startups, including Normalyze, Symmetry Systems, Veza, Laminar, Securiti.ai, and Dig Security, all of whom have secured significant investments to fuel their growth and development.
AI-Powered Data Security Platform
Cyera’s data security platform leverages the power of artificial intelligence (AI) and operates across SaaS, PaaS, and IaaS environments. The platform assists corporate defenders in gaining a comprehensive understanding of their data, including its location, accessibility, security measures, management practices, and potential vulnerabilities.
By providing visibility across domains and platforms, Cyera’s platform empowers security teams to identify and mitigate risks associated with their data assets.
Enhanced Visibility and Rapid Integration
One of Cyera’s key selling points is its platform’s ability to operate out-of-band and without the need for agents.
This unique feature allows for quick integration with a company’s cloud footprint, providing security teams with rapid visibility into all data stores within the cloud environment.
By mapping previously unseen areas, Cyera’s platform equips security professionals with the necessary tools to proactively protect their organization’s data assets.
Conclusion on Data Security Firm Cyera Raises $100M Investment
The $100 million investment received by Cyera underscores the growing interest in the DSPM space and the recognition of the importance of robust data security solutions.
With its AI-powered platform and substantial backing from notable investors, Cyera is well-positioned to continue its development efforts and address the critical need for enhanced data protection in cloud environments.
By enabling organizations to gain comprehensive visibility and effectively manage their data assets, Cyera contributes to bolstering data security practices in today’s increasingly digital landscape.