“Unlocking AI’s Potential: Cyera Secures $300M at $1.5B Valuation to Tackle Data Challenges”
AI is a data problem.
Now Cyera is raising up to $300M on a $1.5B valuation to secure itA cybersecurity startup called Cyera is betting that the next big challenge in enterprise data protection will be AI, and it’s raising a big round of funding as demand picks up for it.
Previous to this, Cyera — pronounced “Sierra” and headquartered in San Mateo and with roots in Israel — had raised a total of $160 million with its current $500 million valuation dating from last year.
Cyera, Coatue and Sequoia declined comment.
A source said that AI right now is a “huge driver” for business at Cyera.
