Cyera Secures $400 Million Investment, Reaching Over $12 Billion Valuation

New Funding Round

Cyera, a data security company, has announced an additional $400 million in funding. This investment, provided by Goldman Sachs Alternatives, is an extension of its Series G funding round. The new capital increases Cyera's valuation to more than $12 billion, with the company having raised over $2.7 billion in total funding to date.

Platform Capabilities and Expansion

The newly secured funds are designated for enhancing the capabilities of the Cyera platform and fueling the company's overall expansion and growth. Cyera offers an agentless, API-driven data security platform that provides real-time visibility and context-aware governance for sensitive information across various environments, including hybrid cloud, SaaS, databases, and on-premises systems.

Data Security and AI Operations

Cyera's platform continuously scans data stores to create a unified inventory, using machine learning to classify data based on business context and compliance requirements. It unifies Data Security Posture Management (DSPM), Data Loss Prevention (DLP), and identity access governance. The platform also includes features for AI operations, such as monitoring data inputs to large language models (LLMs), inspecting training datasets, and mitigating exfiltration risks in automated AI workflows.

Recent Acquisition and Market Position

In July, Cyera acquired Oasis Security, an agentic access management provider, in a $1 billion deal. The company states it employs over 1,500 people and that its solutions are utilized by 20% of Fortune 500 companies. Goldman Sachs Alternatives noted Cyera's role in combining data and identity security, positioning it to secure AI operations as AI agents become more prevalent.