ISRAEL – Cyera, a San Mateo, CA- and Tel Aviv, Israel-based cloud data security company, launched from stealth with $60m in funding.
The round was led by Sequoia Capital, alongside Accel, and Cyberstarts. René Bonvanie, CMO Emeritus of Palo Alto Networks, also participated in the financing and joined the board.The company intends to use the funds to develop the functionality and features of its cloud data security platform, incorporating feedback from customers over the following months. Co-founded in 2021 by Yotam Segev, CEO, and Tamar Bar-Ilan, CTO, Cyera is a cloud-native data security platform which instantly and automatically discovers all of a company’s data, across clouds and datastores, and then determines which of that data is sensitive and where it’s most at risk, empowering teams to remediate issues. The platform can be connected to a company’s cloud in minutes, regardless of the underlying data technologies, and map all datastores in the cloud. From there, Cyera parses and classifies this data (including PII) and then surfaces the highest priority risks for remediation with suggested courses of action. The system provides visibility, intelligence and actionable insights to remediate potential security risks.Cyera has already made inroads with multiple Fortune 500 customers and has 50 employees worldwide, including Israel and the US. 29/03/2022
