The round was led by Georgian, Greenoaks, and Lightspeed Venture Partners, alongside existing investors Accel, Coatue, Cyberstarts, Redpoint, Sapphire, Sequoia Capital, and Spark. Approximately $100 million of the total funding will go toward secondary sales, enabling early employees and founders to realize some liquidity.
Founded in 2021 by Yotam Segev (CEO) and Tamar Bar-Ilan (CTO), both graduates of the elite Talpiot program and veterans of Unit 8200, Cyera develops an AI-powered platform that helps organizations discover, classify, and protect sensitive data, wherever it resides. The company operates in the global data security market, currently valued at $24 billion.
As more enterprises adopt AI systems, the risk of exposing proprietary or sensitive data has increased dramatically. Cyera positions itself as a crucial layer in enabling secure, enterprise-grade AI deployment.
“The $6 billion valuation excites us, but it doesn’t scare me,” Segev told Calcalist. “We’re just getting started. We’re close to reaching $100 million in annual revenue, and we have a plan to triple that next year.”
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“Investors are doubling down where the market is moving and where there is proven traction. AI runs on GPUs and Data. Cyera’s focus on data security is the most critical capability the enterprise needs to adopt AI responsibly,” added Segev. “Across the board, we’re hearing the need for enterprises to push hard on AI, yet they must move fast without compromising security and control. This funding allows us to scale our platform and team to meet the growing global demand for secure, responsible AI adoption.”
Lior Simon, General Partner at Cyberstarts, noted: “We’ve been with Cyera since day one, and we’ve witnessed how a sharp vision, paired with the ability to learn, adapt, and refine, has turned them into a market-defining force. As AI becomes deeply embedded in enterprise operations, Cyera’s solution is more essential than ever. They’re not responding to change, they’re shaping it. We are proud to continue supporting them as they enter this next phase.”
