Cyera, an AI-driven data security platform, raised $400 million led by Blackstone, boosting its valuation to $9 billion amid strong market growth in data security solutions.

Target Information

Cyera is an AI-driven data security platform that recently secured a significant investment of $400 million, led by the global investment firm Blackstone. This substantial financial backing has elevated Cyera's valuation to an impressive $9 billion, marking a 50% increase from its $6 billion valuation just six months prior. Founded in 2021, Cyera has rapidly established itself as a leader in data security, particularly within the realm of data security posture management (DSPM).

In only four years of operation, Cyera has amassed a total of $1.7 billion in funding, with its valuation soaring by 12 times since its inception. The platform focuses on identifying, classifying, and protecting sensitive data across both cloud and on-premise environments, allowing organizations to mitigate the risks associated with data breaches in this age of increasing generative AI adoption.

Industry Overview

The data security industry in Israel has been experiencing unprecedented growth, especially in light of rising concerns related to data security amid rapid technological advancements. The D