– ISRAEL, Tel Aviv – Cyera, the cloud data security company, today announced its launch with $60 million in funding led by Sequoia Capital, alongside Accel, and Cyberstarts.
The financing, which comes just ten months after Cyera’s formation, will help to lead the data-first revolution in cloud security. The investment will be used to develop the functionality and features of the market’s leading cloud data security platform, incorporating feedback from customers over the following months.
Concurrent with the financing, René Bonvanie, CMO Emeritus of Palo Alto Networks who also participated in the financing, has joined the Board of Directors.
Cyera was co-founded in 2021 by Yotam Segev, CEO, and Tamar Bar-Ilan, CTO. The two met over a decade ago in the Israeli Defense Forces (IDF) elite Talpiot leadership academy and served together in the IDF’s Unit 8200 where they founded, built, and ran the cloud security division. With a best-in-class product and engineering team, Cyera has already made inroads with multiple Fortune 500 customers and has 50 employees worldwide, including in Israel and the US.
Yotam Segev, Cyera co-founder, and CEO commented, “The hands-on experience leading Unit 8200’s cloud security initiative gave us a real sense of both the promise and the challenges in this space. We saw just how fast data moved, replicated, and multiplied in the cloud, and how traditional approaches simply couldn’t keep pace.”
Doug Leone, global managing partner at Sequoia, said, “Cyera takes a new-age approach to solving the growing data security problem in the cloud. We believe Cyera’s comprehensive data reality platform will have an incredible impact on securing the cloud, and we look forward to partnering with this world-class team.”
“What Yotam, Tamar, and the team have managed to build in under a year is incredible,” said Lior Simon, partner of Cyberstarts. “Their focus on customers is admirable. Cyera is agentless as time to value is key. It supports AWS, Azure, and GCP serving any type of customer including many which have become multi-cloud.”
Phillipe Botteri, partner at Accel, said, “Cloud data security requires a new approach to addressing the secular growth in data volumes, cloud migration, and risks posed by data regulation and cyber attackers. CISOs and security teams are in need of rapidly deployable, comprehensive, and innovative solutions. Cyera is well-positioned to dominate this category with its best-in-class product and world-class team led by Yotam and Tamar, both veterans of the elite Talpiot academy, as they bring data reality to cloud security.”
About Cyera
Cyera gives organizations instant Data Reality, taking the guesswork out of cloud data security. Now security teams have a complete, current, and correct picture of their data reality across all clouds and datastores. Running out-of-band and without agents, Cyera instantly provides companies a strong baseline for all security, risk management, and compliance efforts and ensures the entire organization operates with the same policies and guardrails. Backed by leading investors including Sequoia, Accel, and Cyberstarts, Cyera is defining the way companies do cloud data security.
For more information: https://www.cyera.io/
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