Israeli data security co Cyera raises $300m at $3b valuation

Cyera founders Tamar Bar-Ilan ands Yotam Segev Photo: Menash Cohen
Cyera founders Tamar Bar-Ilan ands Yotam Segev Photo: Menash Cohen

Cyera has more than doubled its valuation since its most recent financing round in April 2024, when it also raised $300 million.

Israeli cybersecurity company Cyera has announced the completion of a $300 million Series D financing round at a company valuation of $3 billion. The round was led by Accel and Sapphire Ventures, with additional participation from Sequoia, Redpoint, Coatue, and Georgian.

Cyera has more than doubled its valuation since its most recent financing round in April 2024 when it also raised $300 million at a company valuation of $1.4 billion. Since its founding in 2021, Cyera has now raised $760 million, including this latest financing round.

Last month Cyera acquired Trail Security, an early stage Israeli database protection startup that was in stealth, for $162 million. Trail's 35 employees joined Cyera's workforce of 400, half of whom are in Israel. The company plans hiring 200 more employees by the end of the year.

Cyera was founded by CEO Yotam Segev, and CTO Tamar Bar-Ilan, who served together in the IDF’s Unit 8200 where they founded, built, and ran the cloud security division. The company has developed an agentless, cloud-native platform, which can be deployed in minutes and uses native APIs to continuously discover, classify, and secure sensitive data.

Segev said, "Data security has become the top priority for businesses as they navigate the complexities of a rapidly evolving data landscape shaped by the rise of AI. This funding enables us to continue accelerating platform development, attracting world-class talent in R&D, sales, and marketing, and strategically acquiring solutions that align with our vision for the future of data security."

Published by Globes, Israel business news - en.globes.co.il - on November 20, 2024.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2024.

Cyera founders Tamar Bar-Ilan ands Yotam Segev Photo: Menash Cohen
Cyera founders Tamar Bar-Ilan ands Yotam Segev Photo: Menash Cohen
Credit Card payment terminal credit: Seika Chujo Shutterstock Cyberattack again disrupts Israel's credit card payments

Check Point chief of staff Gil Messing: "These are the capabilities of a state actor. This does not necessarily mean Iran, but in the past Iranian entities have been behind such attacks.

CyberArk offices credit: Eyal Izhar CyberArk buys US co Zilla Security, reports strong Q4

CyberArk, which will pay $165 million for the US identity governance and administration company, has surpassed Teva to become Israel's second most valuable company.

mSphere credit: Mer Group Mer launches armored vehicle awareness protection system

mSphere's comprehensive monitoring eliminates blind spots, enhances detection capabilities, and enables crews to identify and respond to potential threats swiftly and accurately.

Mortgage taking credit: Shutterstock Steep fall in mortgage taking in Israel in January

Mortgage taking was down 50% from the preceding month but up 30% from January 2024, the Bank of Israel reports.

Shekel-dollar ASAP Creative Shekel rebounds against dollar

Bank Leumi: The possibility of further appreciation of the shekel, raises the question of whether portfolio owners with high exposure to foreign exchange have a reason to hedge their investment portfolio.

Amnon Shashua  credit: Eyal Izhar Shashua's Mentee Robotics unveils robot for manual work

MenteeBot V3.0 takes on lifting tasks that would typically be strenuous for human workers over extended periods.

New housing credit: Satenik Guzhanina Shutterstock 50% of housing deals in 2024 were developer loans

What made 2024 distinct was that 50% of deals involved special offers by contractors and developers for apartments not yet built, the Ministry of Finance reports.

Donald Trump  credit: Reuters/Brendan McDermid Trump administration reaffirms AI chip restrictions on Israel

Sources say the US will demand Israel passes regulations to prevent tech leakage to China and may even include removal of the restrictions as part of a multilateral Middle East agreement.

Accountant General Yali Rothenberg credit: Cadya Levy Israel raises $5b international bond

Accountant General: This is an important public offering that indicates the financial stability of the State of Israel and the high confidence of global investors in the Israeli economy.

Check Point Chairman Gil Shwed and CEO Nadav Zafrir credit: Check Point Check Point teams with Wiz to challenge Palo Alto

The veteran cybersecurity company has formed a strategic partnership with Israeli company Wiz to provide end-to-end cloud security.

Mobileye autonomous taxi  credit: Mobileye Mobileye to team with Lyft on Robotaxis in Dallas

Ridesharing giant Lyft CEO David Risher said that his company will launch the robotaxis in Dallas in 2026.

Voyantis founders credit: Guy Sidi Israeli predictive AI co Voyantis raises $41m

Voyantis combines predictive and prescriptive AI to eliminate guesswork traditionally involved in assessing a customer’s potential value.

Karin Eibschitz Segal. credit: Ohad Falik Intel Israel CEO named interim head of DCAI

Intel Israel CEO Karin Eibschitz Segal has been appointed Intel's interim head of Intel's data center and artificial intelligence, the third most important position at the US chipmaker.

Shekel v dollar  credit: Tali Bogdanovsky using Adobe Firefly Shekel weaker amid hostage release uncertainties

Bank Hapoalim: This is a correction, the shekel will continue to strengthen.

Avi Simhon, Bezalel Smotrich and Yogev Gradus credit: Yossi Cohen, Noam Moskovich/Knesset Spokesperson, Amit Shabi/Yediot Ahronot Israeli gov't mulls tax cuts as deficit narrows

National Economic Council chairman Prof. Avi Simhon: If we are convinced this is a continuing trend, the first tax I would reduce is cutting VAT back to 17%.

Elbit Systems president and CEO Bezhalel Makhlis credit: Assaf Shilo Israel Sun Prioritizing Israel creates problems for Elbit

Ministry of Defense demands to supply Israel first has meant overseas deliveries have been delayed, irking the Philippines in particular.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018