Posted 4/9/2024, 11:48:45 AM
AI Cybersecurity Startup Cyera Raises $300M at $1.4B Valuation to Secure Enterprise Data with Platform Using AI
- AI cybersecurity startup Cyera raises $300M at a $1.4B valuation in a Series C round led by Coatue
- Cyera has built a platform to track enterprise data location and movement to secure it and prevent breaches
- The platform uses AI to assess hybrid environments and find proprietary data that could leak into AI models
- Cyera nearly tripled its valuation in under a year due to strong traction with large enterprise customers
- The founders have security backgrounds and are using the new funding to expand Cyera's data security platform