Data security startup Cyera hits $9B valuation six months after being valued at $6B

In Brief

Data information startup Cyera continues connected a maturation tear. On Thursday, it announced a $400 cardinal Series F backing circular astatine a $9 cardinal valuation. The New York-based outfit has present raised implicit $1.7 billion. This backing comes conscionable six months aft the erstwhile $540 cardinal round astatine a $6 billion valuation.

The caller circular was led by funds managed by Blackstone with information from existing investors including Accel, Coatue, Lightspeed, Redpoint, Sapphire, Sequoia, and others.

Cyera offers what it calls information information posture management, a work that helps companies representation retired wherever each their delicate information lives crossed unreality systems and databases, way however employees and applications usage it, and place information vulnerabilities. The emergence of AI — which has accrued some the measurement of information that companies grip and concerns astir information leaks — has helped Cyera motion up one-fifth of the Fortune 500 companies arsenic customers and much than triple gross successful its past year, the institution says, causing investors to eagerly heap in.

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