Posted 3/26/2024, 9:51:23 AM
Cybersecurity Startup Cyera Raises $300M to Secure Enterprise Data As AI Use Surges
- Cyera, a cybersecurity startup, is raising up to $300M at a $1.5B valuation to secure enterprise data, especially as AI use grows
- The round is expected to close in early April and is led by VC firm Coatue
- Cyera builds AI tools to track sensitive data usage across organizations' networks
- While AI poses cybersecurity threats, it also risks companies breaching their own data policies
- Cyera originally focused on data classification and governance but now sees rising demand to track automated systems' data access