Data security startup Cyera raises $600 million at $12 billion valuation as AI boom fuels demand

Data security startup Cyera has raised $600 million in a new funding round that values the company at $12 billion, another sign that investors see data protection as one of the biggest opportunities in cybersecurity.

The round was led by Evolution Equity Partners, with participation from Singapore state investor Temasek and Israeli venture capital firm Cyberstarts. Existing backers, including Accel, AT&T Ventures, Blackstone, and Coatue, joined the financing, the company said Wednesday.

The new valuation marks a sharp increase from early 2025. In January, Cyera raised $400 million at a $9 billion valuation. Just over a year earlier, the company was valued at roughly one-quarter of its current worth.

“Today we’re announcing our Series G: $600 million at a $12 billion valuation, led by Evolution Equity Partners, with participation from Cyberstarts and Temasek, in addition to all existing investors including Accel, AT&T Ventures, Blackstone, Coatue, Spark Capital, among others. We raised this round to collapse the time between where enterprises are today and being able to run trusted AI at scale,” Cyera co-founder and CEO Yotam Segev said in a blog post.

The funding surge comes at a time when enterprises are racing to adopt generative AI tools and agents across their operations. Security leaders face a growing challenge: many organizations still do not know exactly where their most sensitive data resides, who has access to it, or how it may be exposed through AI systems.

A steady stream of cyberattacks and data leaks has pushed those concerns higher on corporate agendas. Financial losses tied to breaches continue to rise, and boards are paying closer attention to how confidential information can flow into AI applications, training systems, and cloud environments.

Founded in 2021 by CEO Yotam Segev and CTO Tamar Bar-Ilan, Cyera has emerged as one of the fastest-growing companies in the data security market. Both founders are alumni of Israel’s elite Talpiot program and previously served in the military’s cyber intelligence Unit 8200, a group known for producing many of the country’s cybersecurity entrepreneurs.

Cyera’s Valuation Soars to $12 Billion After New $600 Million Funding Round

Cyera’s platform helps organizations discover, classify, and protect sensitive information across cloud and on-premises environments. The software gives companies visibility into where critical data is stored, identifies potential exposure risks, and helps security teams meet regulatory and compliance requirements.

The company says its growth has accelerated over the past 18 months. Its Fortune 500 customer base increased 353% during that period, it entered 10 new markets, and its employee count doubled to nearly 800 people worldwide. Since its launch, Cyera has raised about $1.3 billion and increased its valuation 12-fold, according to Reuters.

Cyera reported that annual recurring revenue has tripled for three consecutive years. The company has completed five acquisitions over the last 18 months and now operates across 18 countries. Its workforce has grown to approximately 1,500 employees globally.

The latest investment highlights a broader shift across cybersecurity. Investors are increasingly backing companies focused on data security, data governance, and AI risk management as enterprises seek to secure the information that fuels their AI initiatives.

For many organizations, the question is no longer whether they will use AI. The question is whether they can keep control of the data, feeding it. Cyera’s latest funding round suggests investors believe that the challenge is only getting bigger.