![]() ![]() Segev said the company has taken a cloud-first approach to data protection, leveraging cloud APIs to immediately connect with all the data stores enterprises have in cloud environments and give them data classification and data security. Both Segev and co-founder and CTO Tamar Bar-Ilan spent nearly a decade in the Israeli military, and Segev rose to become head of Unit 8200's cyber department. ![]() The latest round of investment comes 15 months after Cyera received $60 million of Series A funding led by Sequoia Capital. "You can't run a company very fast without having fuel in the tank."Ĭyera did not disclose a valuation associated with the funding, though Calcalist reported the company is now worth $500 million. "We're ready to take the next step and accelerate the company, and the most responsible way to do that is with a lot of capital in the bank," Segev told Information Security Media Group. The Accel-led round will allow Cyera to double its headcount from 100 to 200 employees over the next year and expand into Europe to address data localization and residency needs (see: Yotam Segev on What Distinguishes Cyera From Traditional DLP). ![]() The Silicon Valley-based company said the $100 million will help Cyera expand and broaden its offering to cover more pain points enterprises are experiencing around data security, according to co-founder and CEO Yotam Segev. ![]() See Also: JavaScript and Blockchain: Technologies You Can't Ignore Cyera co-founder and CEO Yotam Segev and co-founder and CTO Tamar Bar-Ilan (Image: Cyera)Ī startup founded by longtime Israeli Military Intelligence leaders landed Series B funding to support the cloud and on-premises data protection needs of hybrid organizations. ![]()
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