Cyber Unicorn Cyera Jumps to $12 Billion Valuation in Massive Funding Round

Cyera, one of the fastest-growing unicorns in Israeli cyber, announced on Wednesday afternoon a new giant funding round of $600 million, at a company valuation of $12 billion. Cyera now ranks second on the list of the highest-valued unicorns, after Vast Data and ahead of Drivnats, which just last week raised money at an $8.5 billion valuation. For comparison, on the eve of its $32 billion sale to Google, Wiz carried out a secondary round to sell shares held by investors and employees at a valuation of $12 billion.

The round reflects a fourfold increase in Cyera’s valuation over the past year and a half. In practice, the unicorn raises hundreds of millions of dollars every year at an increasing pace. The latest round was led by Evolution Equity Partners, with participation from first investor Cyberstarts and Singaporean investment giant Temasek, alongside existing investors Sequoia, Accel, Coatue, Blackstone, Spark Capital and AT&T Ventures. In total, the cyber company founded by Yotam Segev and Tamar Bar-Ilan has raised $2.3 billion. In the new announcement, the founders reveal a third partner, co-founder and chief development officer Yonatan Eitai.

One explanation for the sharp annual rise in the company’s valuation, and for the enthusiasm of venture capital investors and the big bet they are making on the Landmark Building company, is that it is riding the AI agents trend in enterprises. It helps organizations of all sizes protect their data, spread across different repositories, public cloud, private cloud, memory, flash storage, local desktops and phones, and enables them to protect against malicious use by employees or AI agents.

"As of 2026, about 68% of organizations do not know how to distinguish between employee activity and AI agent activity within their systems," the company said. "Without that ability, it is difficult to build trust in AI systems, this is a challenge that is slowing many organizations in implementing their AI plans. The source of the problem is an infrastructure gap. In recent years, the AI industry has invested in developing chips, models and computing power, but it still lacks a layer that allows organizations to understand which data AI systems are exposed to, what actions they perform and how the resulting risks can be managed."

Over the past year, Cyera launched more than 100 new capabilities in AI agent security, privacy, identity management, Data Security Posture Management (DSPM) and Data Loss Prevention (DLP). These capabilities expand the company’s platform, which is designed to enable organizations to manage the use of artificial intelligence in a safe and controlled way.

The data security segment in cyber concerns the ability of information security managers in organizations to control all the data in their information systems, whether in the corporate cloud, on local servers or at endpoints such as computers and phones, and to know where critical data is located at any given moment. Using systems from companies such as these, it is possible to provide a faster and more comprehensive picture of how critical stolen information is, when such an event occurs, information that is very valuable to cyber managers in organizations. The emergence of AI agents, some of them operated fully autonomously by models such as Anthropic’s "Mythos", adds a new layer of risk that was not taken seriously a year or two ago.

There are many companies operating in the field, but most are very young and have not had time to mature before being sold. Among the companies that remain independent are the Israeli Bid ID, although it carried out significant layoffs last month, and Sentra, founded by Asaf Kohn, the former commander of Unit 8200. Three companies in the field have already been sold: in August 2023, U.S. company Rubrik announced the acquisition of Israeli company Laminar in a deal estimated at about $105 million; Palo Alto acquired Dig Security in 2024 for $295 million; and CrowdStrike acquired Flow Security for about $120 million. Cyera, apparently, was too large and mature to be sold for such sums, and even today it seeks to continue operating as an independent company.

Cyera was founded by two young men who were discharged from Unit 8200 and soon went on to establish the company, in partnership with Cyberstarts. They first gained prominence in 2021 when they surprised the cyber industry with an initial $60 million funding round led by Doug Leone, the veteran Sequoia partner who was involved in investments in the giant companies Rackspace, Hyperion and ServiceNow. Leone was also a board member at Wiz, another Cyberstarts portfolio company.