Israeli Cybersecurity Firm Cyera Raises $400 Million at $12 Billion Valuation

Israeli cybersecurity company Cyera has secured $400 million in funding from Goldman Sachs Alternatives, as an extension of its Series G round. The investment values the company at over $12 billion, significantly increasing its valuation from its previous round in June. This funding will fuel Cyera's continued development of its data security platform, expansion of products for AI agents, and growth in the U.S. and other international markets, including Europe, the Middle East, Africa, and the Asia-Pacific region.

Cyera, founded in 2021, is focusing on the burgeoning field of AI security. As organizations increasingly adopt AI agents that access sensitive data and systems, the need for robust security measures has intensified. Cyera's platform maps, classifies, and manages access to enterprise data, with a new emphasis on monitoring AI agents' data access and actions. This strategic shift was bolstered by Cyera's acquisition of Israeli company Oasis Security, which specializes in managing and securing non-human identities, for an estimated $300 million.

The company's rapid growth is highlighted by its substantial funding rounds. In its previous round, Cyera raised $540 million at a $6 billion valuation. The latest investment from Goldman Sachs Alternatives, which manages over $706 billion in assets and has invested heavily in technology growth companies, underscores the market's confidence in Cyera's vision. The founders, Yotam Shagiv, Yonatan Eitan, and Tamar Bar-Ilan, are graduates of elite Israeli military intelligence units.

Cyera's expanded focus addresses the critical challenge of managing both data security and the identities of AI systems and agents. By integrating data security with identity management for AI, the company aims to capture a broader market beyond traditional security solutions. "The expanded use of AI agents increases the need for control over their access to information and systems," stated Cyera CEO Yotam Shagiv. Irit Kahan of Goldman Sachs Alternatives noted that the adoption of AI agents necessitates parallel management of data exposure and operational permissions.