Cyera’s $300M Series D: Data Security’s New Billion-Dollar Darling!
Cyera has raised $300 million in Series D funding, boosting its valuation to $3 billion. With Accel and Sapphire Ventures leading the charge, Cyera plans to enhance its platform and acquire new solutions. The data security company recently acquired Trail Security for $162 million, further cementing its cloud-native platform’s position in the market.
Hot Take:
Well, it seems like Cyera is on a mission to collect funding rounds like they’re Pokémon cards. Gotta catch ’em all, I guess! With $300 million more in their treasure chest, they’re one acquisition away from buying a small island—or maybe just more data security talent. Either way, Cyera is playing the cybersecurity game with some serious Monopoly money!
Key Points:
- Cyera raised $300 million in a Series D funding round.
- The total funding for Cyera now stands at $760 million since 2021.
- Lead investors include Accel and Sapphire Ventures, with several others participating.
- Cyera’s valuation has doubled to $3 billion since its last funding round in April.
- Cyera recently acquired Trail Security for $162 million to enhance its data loss prevention capabilities.
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