The $500 million funding nearly doubles Cyera’s $3.4 billion valuation from late last year. The round is led by Lightspeed, Greenoaks and Georgian, with participation from existing investors Accel, Sequoia Capital and Sapphire Ventures.
Cyera was founded in 2021 by Yotam Segev and Tamar Bar-Ilan, Israeli army veterans who worked in cloud security. The company now has offices in New York and Tel Aviv.
Cyera claims to help companies with data breaches and risk assessments. It names AT&T and Docusign as clients.
Investor enthusiasm for cybersecurity followed Alphabet’s $32 billion purchase of Wiz earlier this year, also an Israeli-based business. Venture capital firms are betting that more security startups will be acquired or go public.
Source: Bloomberg
