Latest Israeli Cyber Unicorn Cyera: $1 Billion Valuation Within 10 Months

Cyera is a data security company that provides businesses with deep context on their data by applying continuous and correct controls to assume cyber compliance and resilience.

With a $300 million raise, the latest Israeli cyber unicorn Cyera reached a $1 billion valuation within just ten months. So, let’s learn about the company, its founders, and the raise that catapulted its valuation to the billion-dollar mark.

A Brief Overview About the Company

Cyera is a pioneer in Data Security Posture Management (DSPM). It gives businesses insight into their sensitive data, context about the risk it represents and their security exposure, and automated remediation to lower the attack surface and maintain operational resilience. The firm is reinventing how businesses secure their data.

A few major functionalities of Cyera are:

• Dynamically generates rich context about sensitive data throughout your hybrid cloud ecosystem
• Assessing your threat surface, data access, and security policies
• Promptly remediating exposures to your most valuable and vulnerable information

The company takes a data-centric approach to security, evaluating the risk to your sensitive data everywhere. DataGraph learns from your environment in an automated and continuous manner, measuring your danger surface, data access, and security policies across various risk dimensions.

Who Are the Founders?

Yotam Segev and Tamar Bar-Illan are the founders of Cyera. Tamar is a Hebrew University of Jerusalem graduate with over ten years of industry experience. He has worked in the Talpiot Program, Israel Defense Forces, and Lynxight before becoming the CTO of Cyera.

Latest Israeli Cyber Unicorn Cyera. Image Credit: LinkedIn.

Similarly, Yotam also studied at the same university as Tamar and was a batchmate. He worked in the Palpiot Program and Israeli Military Intelligence – Unit 8200 before becoming the CEO of Cyera.

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Latest Israeli Cyber Unicorn Cyera Valuation Exceeded $1 Billion

The company raised around $300 million in a Series C round that values it at $1.4 billion. This has been reported on multiple reputed websites and magazines.

Growth rounds remain a significant issue for digital businesses, so Cyera’s fundraising is noteworthy for its magnitude and nearly tripling the company’s valuation in less than a year; it last received a $100 million Series B in June 2023.

This speaks to the company’s traction; it does not divulge figures, but its customers include several large global corporations, as well as its market forecast and how it approaches it.

The size of the round also increased with time, and the lead investor, Coatue, is new to the startup’s cap table. Some other notable new investors include Gerogian, Spark Capital, and strategic backer AT&T Ventures.

Who Were the Previous Investors? Were they Involved in Series C?

Previous backers who funded the latest Israeli Cyber Unicorn Cyera include Accel, Redpoint, Cyberstarts, and Sequoia. They were also part of the Series C round.

Thanks to that, Cyera’s total funding reached $460 million in the span of just three years. Furthermore, Doug Leone is not an active partner at Sequoia but is still a board member of Cyera.

Latest Israeli Cyber Unicorn Cyera. Image Credit: Social Media.

According to multiple sources, the one thing that caught the investors’ attention was the solid entrepreneurial layer, some charm, and salesperson flair.

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How Is the Investment Going to Be Used?

The company’s co-founders, Segev and Tamar, mentioned that they will use this investment to continue to grow the company’s offerings for the customers into the data security platform they deserve and want.

Similarly, the Hebrew University of Jerusalem graduates said they do not want to stitch twenty products together to make the program a reality. They want to buy from one vendor.

One of the investors, David Schneider, said that he is confident that the latest Israeli Cyber Unicorn Cyera will grow to become a crucial part of the enterprise’s data security. He further mentioned that the role of Cyera is crucial with the advent of AI.