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Cyera emerges from stealth mode with $60m in funding

Israeli cloud data security firm Cyera has emerged from stealth mode by announcing it has secured $60m (£45.6m) in funding to build cloud security layers and enable enterprises to identify and reduce risks across all cloud-based data repositories.

The investment 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 firm 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.

"What [CEO] Yotam, [CTO] Tamar and the team have managed to build in under a year is incredible," said Lior Simon, partner of Cyberstarts, which was the seed investor in the company.

Co-founded in 2021 by Yotam Segev (pictured left) and Tamar Bar-Ilan (pictured right), Cyera is a cloud-native data security platform that 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. 

Cyera claims its platform can be connected to a firm's cloud footprint in minutes, regardless of the underlying data technologies.

"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,” added Segev. “We saw just how fast data moved, replicated, and multiplied in the cloud, and how traditional approaches simply couldn't keep pace." 

Cyber says it has already made inroads with multiple Fortune 500 customers and has 50 employees worldwide, including in Israel and the US.