Israeli Cyber Firm Cyera Seeks $20 Billion Valuation in New Funding Round
Translated & summarized from Calcalist by baba
Israeli cybersecurity firm Cyera is in early talks to raise funds at a $20 billion valuation, a 66% jump since June. The company previously raised $600 million in June at a $12 billion valuation, with an additional $400 million investment from Goldman Sachs in September. Founded in 2021, Cyera focuses on data security and recently expanded into securing AI agents' access to corporate information, further bolstered by the acquisition of Oasis Security.
The story in 6 lines · by baba
- Cyera is in early talks to raise capital at a $20 billion valuation.
- The proposed valuation is a 66% increase from its valuation in June.
- The company raised $600 million in June at a $12 billion valuation.
- Goldman Sachs invested an additional $400 million in September.
- Cyera was founded in 2021 by alumni of Talpiot and Unit 8200.
- The company recently expanded into securing AI agents' access to data.
Israeli cybersecurity company Cyera is reportedly in early-stage discussions with investors to raise capital at a valuation of $20 billion. This would represent a 66% increase in the company's valuation in less than six months, according to a report by The Information.
In June, Cyera raised $600 million at a $12 billion valuation. This amount was later expanded in September when Goldman Sachs invested an additional $400 million, bringing Cyera's total funding to $2.7 billion.
The company, founded in 2021 by Talpiot and Unit 8200 alumni Yotam Segev (CEO), Yonatan Itai (VP R&D), and Tamar Bar-Ilan (CTO), focuses on data security for organizations. Its client roster includes major companies such as Paramount, Chipotle, and Valvoline.
Recently, Cyera has expanded its offerings to include security for AI agents and their access to corporate information and systems. This allows organizations to gain visibility and control over the data accessed by AI agents and their actions. The acquisition of Oasis Security, which specializes in managing and securing non-human identities, further enhances Cyera's platform by adding this capability. The integration aims to enable global organizations to manage access for humans, systems, and AI agents to corporate data from a single system.
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