Israeli AI data security startup Cyera raises $540M, doubles valuation to $6B in 7 months

Cyera is on a tear. The Israeli data security startup just pulled in $540 million in a late-stage funding round, more than doubling its valuation to $6 billion in just seven months.

The round was led by Georgian, Greenoaks, and Lightspeed Venture Partners, with backing from familiar names like Accel, Coatue, Cyberstarts, Redpoint, Sapphire, Sequoia Capital, and Spark.

The company, which uses AI to secure enterprise data, said the new capital will help expand its platform and fuel growth efforts. As more companies adopt generative AI, copilots, and large language models, the focus has shifted to locking down the data that feeds those systems, and Cyera is positioning itself as the answer.

“This raise gives us the fuel to move even faster: expanding and deepening our platform, growing our footprint, and supporting more of the world’s leading organizations,” CEO Yotam Segev said in a blog post.

The funding comes less than a year after Cyera acquired Trail Security for $162 million, another signal it’s betting big on owning the future of AI-safe infrastructure.

Founded in 2021 by Yotam Segev (CEO) and Tamar Bar-Ilan (CTO), Cyera was built by two alumni of Israel’s elite Talpiot program and former officers in the military’s cyber intelligence unit, Unit 8200.  The company raised $300 million in November at a $3 billion valuation. In the last 18 months alone, the company says it’s grown its Fortune 500 customer base by 353%, entered 10 new markets, and doubled its headcount to nearly 800 employees worldwide. So far, it has raised $1.3 billion and seen its valuation climb 12x.

“Across the board, we’re hearing the need for enterprises to push hard on AI, yet they must move fast without compromising security and control,” Segev said.

“Cyera’s focus on data security is the most critical capability the enterprise needs to adopt AI responsibly.”