Cyera, a New York-based data security company, has raised $300 million in a Series D funding round, bringing its total funding to $760 million.
Investors
The round was led by Accel and Sapphire Ventures, with participation from Sequoia, Redpoint, Coatue, and Georgian, bringing Cyera's valuation to $3 billion.
Accel is a global venture capital firm that partners with exceptional teams from inception through all stages of private company growth. Over the past 40+ years, the firm has helped ambitious entrepreneurs build iconic global businesses.
Sapphire Ventures is a global venture capital firm managing over $10 billion in assets, with offices in Austin, London, Menlo Park, and San Francisco. It has backed over 170 companies, resulting in 30+ public listings and 45 acquisitions. Sapphire focuses on scaling companies and venture funds through Sapphire Ventures, Sapphire Partners, and Sapphire Sport.
Cyera Use of Funds
The funds will drive platform development, attract top talent, and support strategic acquisitions aligned with Cyera’s vision for advanced data security solutions.
About Cyera
Founded in 2021, Cyera provides an AI-powered data security platform that helps organizations discover, classify, and protect data across cloud, SaaS, and on-premises systems. The company’s platform combines advanced Data Security Posture Management (DSPM) with real-time enforcement controls, offering customers a comprehensive solution for securing their data assets against evolving threats.
Funding Details
Company: Cyera, Inc.
Raised: $300.0M
Round: Series D
Funding Date: November 2024
Lead Investors: Accel, Sapphire Ventures
Additional Investors: Sequoia, Redpoint, Coatue, Georgian
Company Website: https://www.cyera.io/
Software Category: Data Security
Source: https://www.businesswire.com/news/home/20241120065588/en/