The funding round is led by Coatue and is joined by new investors Spark Capital, Georgian, and AT&T Ventures, alongside significant investment by all existing investors Sequoia, Accel, Redpoint, and Cyberstarts. Founded in 2021 by Yotam Segev (CEO) and Tamar Bar-Ilan (CTO), the company has secured a total of $460 million to date.

Founded in 2021 by Yotam Segev (CEO) and Tamar Bar-Ilan (CTO), Cyera has now secured a total of $460 million. Cyera is the operating system on which enterprises' data security and lifecycle programs run. Cyera is unique and powerful due to the speed, accuracy, and scale of its data classification engine, which is driven by the novel use of AI, machine learning, and cloud computing. The company is the first to provide an agentless data security approach to discover, classify, assess, and protect structured and unstructured data across clouds, SaaS, data lakes, and on-prem environments. Cyera's pioneering approach has garnered industry recognition, earning prestigious awards such as the 2022 CISO Choice Award for Data Security, Best Enterprise Data Loss Prevention (DLP) Solution, the 2023 Data Security Platform of the Year, and one of Fast Company's Most Innovative Companies for 2024.