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Cyera Raises $300M in Series C Funding to Enhance AI Data Security Platform

Cyera, a business addressing the opportunity and difficulty of AI in cybersecurity, confirms a $300 million funding round valued at $1.4 billion. The AI-based platform helps enterprises secure their data and has tripled the firm's valuation in less than a year.

The Series C financing led by Coatue was also supported by AT&T Ventures, Spark Capital, and Georgian, highlighting the company's traction and market approach. The platform thoroughly evaluates an organization's data, essential in the era of hybrid environments and increasing data volumes.

Cyera belongs to the broad category of posture management and uses AI to manage data auditing, addressing the challenges of the upcoming generation of enterprise apps and use cases. The company is committed to providing a comprehensive data security platform to meet the evolving needs of its clients, as reflected in the Series C funding.

The co-founders' strong entrepreneurial skills, combined with their military engineering background, have attracted investors and placed Cyera as a key player in AI data security. With a total of $460 million raised in just three years, the company is poised for significant growth in the enterprise data security market.