Information safety startup Cyera continues on a development tear. On Thursday, it announced a $400 million Collection F funding spherical at a $9 billion valuation. The New York-based outfit has now raised over $1.7 billion. This funding comes simply six months after the earlier $540 million round at a $6 billion valuation.
The brand new spherical was led by funds managed by Blackstone with participation from present traders together with Accel, Coatue, Lightspeed, Redpoint, Sapphire, Sequoia, and others.
Cyera presents what it calls knowledge safety posture administration, a service that helps firms map out the place all their delicate knowledge lives throughout cloud methods and databases, observe how staff and purposes use it, and establish safety vulnerabilities. The rise of AI — which has elevated each the quantity of information that firms deal with and issues about knowledge leaks — has helped Cyera join one-fifth of the Fortune 500 firms as prospects and greater than triple income in its final yr, the corporate says, inflicting traders to eagerly pile in.
