Cyera, a data security company founded just three years before its breakout moment, pulled in $600 million during 2024 across two funding rounds. That capital was earmarked for expanding what the company calls its AI-native security trust platform, built specifically for Fortune 1000 enterprises navigating a world where AI systems create as many vulnerabilities as they solve.

The $600 million came in two equal tranches. A $300 million Series C in April 2024 valued the company at $1.4 billion. Six months later, a $300 million Series D doubled that valuation to $3 billion.

From military roots to enterprise security

Cyera was founded in New York by Israeli military veterans Yota Segev, who serves as CEO, and Tamar Bar-Ilan, the company’s CTO. The pair built what’s known in the industry as a Data Security Posture Management platform, or DSPM: software that helps massive companies figure out where their sensitive data lives, who can access it, and whether any of it is exposed to threats they haven’t thought about yet.

The platform covers three core capabilities: data classification, which catalogs what data exists and how sensitive it is; AI systems security, which protects the models and pipelines themselves; and runtime protection, which monitors threats as they happen in real time.

A valuation rocket ship

After reaching $3 billion in November 2024, the company raised $540 million in mid-2025 at a $6 billion valuation. Then came $400 million in January 2026 at $9 billion. By June 2026, another $300 million round reportedly pushed the valuation to $12 billion. Total funding has surpassed $1.7 billion.

The investor list includes Accel, Coatue, and Sequoia Capital, with private equity giant Blackstone leading recent raises. Cyera has also made strategic acquisitions, purchasing Trail Security for $162 million and Ryft for an estimated $100 million to $130 million.

Worth noting: Cyera operates entirely in the conventional enterprise software space and has no involvement with crypto assets or blockchain protocols.