Saiella is shedding tears. Israeli data security startup has pulled in $540 million in its later funding round, doubling its valuation to $6 billion in just seven months.
The round was led by Georgian, Green and Lightspeed venture partners, and was supported by familiar names such as Axel, Court, CyberStart, RedPoint, Sapphire, Sequoia Capital, and Spark.
The company, which uses AI to protect enterprise data, said new capital will help expand its platform and fuel growth efforts. As more companies adopt generative AI, capillots, and larger language models, the focus shifts to lockdown the data fed into these systems, with Cyera positioning itself as the answer.
“This salary increase will allow fuel to move faster. It expands and deepens the platform, grows its footprint, and supports more support from some of the world’s leading organizations,” CEO Yotam Segev said in a blog post.
The funding came less than a year after Cyera acquired Trail Security for $162 million. This is another signal that we have a big bet on owning the future of AI safe infrastructure.
Founded in 2021 by Yotam Segev (CEO) and Tamar Bar-Ilan (CTO), Cyera was built by two graduates of Israel’s elite talpiot programme and a former officer in the military’s Cyber Intelligence Unit 8200. In the last 18 months alone, the company said it has increased its Fortune 500 customer base by 353%, entered 10 new markets, doubling its workforce to nearly 800 employees worldwide. So far, it has raised $1.3 billion, and its valuation has risen 12 times.
“All in the end, I’ve heard about the need for businesses to push AI hard, but they need to move faster without compromising security and control,” says Segev.
“Cyera’s focus on data security is the most important feature that businesses need to responsibly adopt AI.”
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