Cyera doubles valuation to $3B with $300M Series D, total funding hits $600M in seven months
The Israeli cybersecurity unicorn, which acquired Israeli startup Trail Security for $162 million last month, plans on growing its workforce from 400 to 600 employees by the end of 2025. "We aim to be the CrowdStrike of data security, with billions in revenue," said CEO Yotam Segev.
Israeli cybersecurity company Cyera has raised $300 million in a Series D funding round at a valuation of $3 billion. The fundraising was led by Accel and Sapphire Ventures, with participation from existing investors including Sequoia, Coatue, Redpoint, and Georgian. In its previous funding round in April 2024, Cyera raised $300 million at a valuation of $1.4 billion.
Full list of Israeli high-tech funding rounds in 2024
Since its founding in 2021, Cyera has raised approximately $760 million in total. The company was founded by Yotam Segev, who serves as CEO, and Tamar Bar-Ilan, the CTO. Both Segev and Bar-Ilan are graduates of the IDF’s Talpiot program and Unit 8200. The majority of the raised funds will be directed into the company’s operations, with a smaller portion allocated for purchasing employee and founder shares.
In an interview with Calcalist, Yotam Segev shared, "The timing of the fundraising was dictated by the investors. Accel made a very attractive offer, alongside Sapphire Ventures. Since our previous round, the company has doubled its revenue and is on track to reach $100 million in revenue in the second half of next year. We’ve added over 50 new customers, many of whom are large enterprises."
Segev also discussed the company’s long-term vision, stating, "The cybersecurity industry is undergoing a consolidation trend. Whether a company is small or large, we aim to be the CrowdStrike of data security, with billions in revenue. Our acquisition of Trail Security helps us in this mission. We’re investing heavily in engineering and software to develop our platform further, allowing us to expand faster and offer additional products to our customers."
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Cyera currently employs around 400 people, half of them based in Israel, and plans to recruit another 200 employees by the end of 2025. In Israel, the company plans to hire development staff, cybersecurity experts, and engineers. Segev noted, "In Israel, we plan to hire as many workers as possible, with a minimum of 100 new hires in the coming year."
As AI adoption skyrockets across industries, organizations face unprecedented challenges in securing their data. Cyera’s platform, powered by AI and machine learning, enables companies to continuously discover, classify, and protect their data across multiple environments—including cloud, Security-as-a-Service (SaaS), and on-premises systems.
Cyera’s impressive growth is further underscored by its October acquisition of Trail Security, an Israeli data loss protection (DLP) company, for $162 million. The acquisition enhances Cyera’s Data Security Posture Management (DSPM) solution and added top-tier product and engineering talent from elite leadership programs like the Israel Ministry of Defence’s Talpiot to the Cyera team.
