CTalk
Cyera CEO: “We allow enterprises to move quickly with AI but to do it responsibly and securely”
Yotam Segev, Co-Founder and CEO of Cyera, which reached a $3 billion valuation with a $300 million Series D last year, spoke to CTech during Calcalist's Mind The Tech conference in New York.
“AI for us is core to what we do on both sides of the fence. So we use AI in order to create this visibility and understanding of data at scale,” explained Yotam Segev, Co-Founder and CEO of cybersecurity unicorn Cyera. “If you think about it, take a 50-page document, stick it into ChatGPT, and ask it what the document is about. It's going to do a pretty good job. The problem is that the cost of that doesn't scale. If you try to do that to every document that the Fortune 500 company has, it's going to cost you a few $100 million. So we have to find ways to leverage AI more efficiently, and the usage of AI to the specific use cases that the companies are trying to solve.”
In the case of Cyera, it is for protecting the data from bad actors. According to the company, data “is the fastest growing enterprise attack surface and is projected to surpass 181 Zettabytes in 2025.” It tells companies what data they have, where it's stored, who or what can access it, and which data risks exist.
“We're talking about the most transformative technology our generation has seen,” Segev continued. “And we're very proud of our place in it. You watch all of those sci-fi movies about the world getting taken over by AI, and you ask yourself, ‘OK, how do these things actually happen?’ And when you live in the enterprise market, you see that the drive to succeed in business sometimes outweighs all other concerns. That's where we play a little role: In society, for humanity, of allowing these enterprises to move quickly with AI but to do it responsibly and securely.”
Related articles:
Cyera raised $300 million in a Series D funding round last November 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.
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.
You can learn more about the company in the video above.
