Cyera Emerges From Stealth Mode With $60M to Protect Cloud Data
Cloud data security startup Cyera emerged from stealth mode this week with $60 million in funding, as the Israeli cybersecurity firm embarks on a mission to help companies find and protect data stored in various cloud environments.
Co-founded in 2021 by Yotam Segev (CEO) and Tamar Bar-Ilan (CTO), the duo that created and ran the cloud security division inside the Israel Defense Forces’ Unit 8200, the company now has more than 50 employees.
The company explains that its platform can automatically discover company data across various clouds and datastores, and determine which of that data is sensitive and where it’s most at risk.
Running out-of-band and without agents, Cyera says its platform can be connected to a company’s cloud footprint in minutes and map all datastores in the cloud, providing security teams with visibility into places they may not have been able to see before.
“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. We saw just how fast data moved, replicated, and multiplied in the cloud, and how traditional approaches simply couldn’t keep pace,” Segev said.
The company says the funds will be used to develop the functionality and features of its cloud data security platform.
The funding was led by Sequoia Capital, with other investor participation from Accel, Cyberstarts and René Bonvanie, former CMO at Palo Alto Networks.