Cyera raises USD $600 million at USD $12 billion valuation

Cyera has raised USD $600 million in a funding round that values the cybersecurity company at USD $12 billion, making it one of the world's most valuable privately held cybersecurity groups.

The New York-based company said the round was led by Evolution Equity Partners, with participation from Cyberstarts, Temasek and existing investors including Accel, AT&T Ventures, Blackstone, Coatue and Spark Capital. The financing brings Cyera's total funding to more than USD $2 billion.

The investment comes as companies face growing pressure to monitor how artificial intelligence systems access and use corporate data. Cyera focuses on data security and governance tools designed to show organisations what information AI systems can see, what they can access and the risks they may create.

According to figures cited by Cyera, 68% of organisations cannot distinguish between human activity and AI agent activity inside their own systems. That gap has become a central issue for businesses trying to deploy AI tools more widely while maintaining oversight of sensitive information.

Cyera said its valuation has quadrupled over the past 18 months. It also said it has tripled annual recurring revenue for three consecutive years, though it did not disclose the underlying figures.

Over the past year, Cyera said it released more than 100 new product features across data security posture management, privacy, identity, data loss prevention and agentic security. In the last 18 months, it has also completed five acquisitions, including Ryft and Genie, and expanded to more than 1,500 employees across 18 countries.

Large enterprises are using Cyera's platform to manage data exposure linked to AI adoption, according to the company. Customers it named include Paramount, Chipotle and Valvoline.

Yotam Segev outlined the company's view of the market in comments released alongside the funding announcement.

"Our customers are some of the most sophisticated companies in the world. The one thing they all share is the urgency to lead AI transformation at a scale and speed the world has never seen. Trust is what makes that possible - knowing what your AI can see and do," said Yotam Segev, Co-Founder and Chief Executive Officer of Cyera. "That's the infrastructure layer the industry has been missing, and it's what we've been building alongside our customers since day one. Cyera is that trust layer, and this funding is fuel to build it faster for every company trying to win in today's agentic era."

Investor backing

The round adds to a run of large financings for security companies focused on AI governance, data protection and enterprise risk management. Investors have continued to back the sector despite a tougher funding market for many software groups, reflecting demand from businesses that need to secure data used by AI models and autonomous software agents.

Richard Seewald, whose firm led the round, said Cyera had reached a scale that set it apart in cybersecurity infrastructure.

"Over 25 years of investing in cybersecurity, it has been our experience that the companies that define infrastructure possess the depth and capabilities that solve problems competitors simply cannot," said Richard Seewald, Founder and Managing Partner at Evolution Equity Partners. "Cyera has done that - built the layer that informs enterprises what their AI can see, learn from, and act on, at scale with precision. We are thrilled to back Cyera on this exciting journey."

Cyberstarts, one of Cyera's early investors, also pointed to rising trust and governance concerns as AI tools move deeper into business operations.

"We backed Cyera before the thesis was obvious and watched them navigate more market transformations in five years than most companies see in a decade. Now the world has caught up," said Lior Simon, General Partner at Cyberstarts. "Every enterprise deploying AI at scale is running into the same wall - they can't trust what their AI can see and do, and without solving that, they're taking on risk that could define or even destroy their organisation. Cyera is the only company built to solve that with the depth and scale the world's largest enterprises require. This round is about getting there faster."

Customer demand

Cyera's pitch is that businesses need a single way to discover, classify and control sensitive data as AI systems interact with it. The company said its platform combines data security posture management, data loss prevention, identity and behavioural monitoring in one system.

AT&T, whose venture arm is among Cyera's investors, also offered a customer perspective on the company's software.

"In a world where data is the fuel for innovation, Cyera helps provide us with visibility and context to enable secure AI at scale," said Rich Baich, CISO at AT&T. "It helps us accelerate AI adoption by knowing and controlling what AI can see and do."

Cyera said its platform discovers and classifies exabytes of data and identifies sensitive records that may be exposed to risk. The company argues this has become more important as businesses roll out AI systems across internal workflows, customer service, software development and data analysis, where access to large stores of information can create compliance and security concerns.

The latest financing gives Cyera fresh capital after a period of rapid expansion in product development, acquisitions and international hiring, as it seeks a larger share of the market for AI-related data security and governance.