Cyera Secures $100M to Fortify AI-Powered Data Security Amid Surging Data Volumes
Image credit: Cyera
Overview
Cyera, a Palo Alto-based start-up specializing in data security, has closed a Series B funding round, amassing $100 million. The funding round, led by Accel and featuring contributions from Sequoia, Cyberstarts, and Redpoint Ventures, will enable the company to invest in R&D and enhance its engineering talent.
Cyera operates in the Data Security Posture Management (DSPM) space, leveraging artificial intelligence (AI) to streamline data detection and protection, particularly in cloud environments. Amid the data explosion propelled by the global shift to digital and remote work, Cyera focuses on providing comprehensive visibility and security for sensitive data in businesses.
Utilizing an AI model from OpenAI, Cyera can understand, classify, and provide context to a company's data, offering businesses a secure and informed way to manage their growing data sets. The company also recently introduced a browser extension to anonymize sensitive data, reinforcing its commitment to data privacy and security.
Key Takeaways:
Cyera has raised $100M in a Series B funding round to bolster its data security platform.
The company leverages AI to deliver enhanced data security, addressing the growing complexity and volume of corporate data.
Cyera uses an AI model from OpenAI to classify and contextualize business data.
The company also prioritizes data privacy, with new tools designed to anonymize sensitive data. Source