Prime Highlight

• Cyera secured $400 million in Series F funding at a $9 billion valuation, reflecting strong investor confidence just six months after its previous major raise.
• Growing demand for data security driven by AI adoption and cloud expansion is fueling Cyera’s rapid growth.

Key Facts

• The Series F round was led by funds managed by Blackstone, with participation from Accel, Coatue, Lightspeed, Redpoint, Sapphire, and Sequoia.
• Cyera now works with one-fifth of Fortune 500 companies and reported that its revenue tripled last year.

Background

Data security startup Cyera raised $400 million in a Series F funding round, giving the company a $9 billion valuation. The company announced the funding on Thursday, just six months after it raised $540 million at a $6 billion valuation, showing that investors strongly believe in its growth.

The latest funding round was led by funds managed by Blackstone. Existing investors, including Accel, Coatue, Lightspeed, Redpoint, Sapphire, and Sequoia, also took part. With this round, Cyera has now raised more than $1.7 billion since its launch, placing it among the most highly valued private cybersecurity companies.

Based in New York, Cyera focuses on data security posture management. Its platform helps organizations find where they store sensitive data in clouds and databases. It also tracks how employees and applications use that data, while spotting security risks before they turn into serious breaches.

The rise of Cyera is largely driven by the growing use of artificial intelligence. AI tools make companies handle more data and worry more about leaks and misuse. As a result, demand for stronger data security has surged.

Cyera says it now works with one-fifth of Fortune 500 companies. The startup said its revenue tripled last year, as new customers joined and existing ones used its platform more.

Investors see Cyera as well placed to benefit from long-term trends in cloud computing and AI adoption. With fresh capital in hand, the company is expected to continue expanding its product capabilities and global reach as data security remains a top priority for large enterprises.

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