Israeli Cloud Data Firm Cyera Raises $60M, Emerges From Stealth

Israeli cloud data security company Cyera, emerged from stealth mode this week to announce that it has secured $60 million in funding to build cloud security layers and enable enterprises to identify, isolate, and remediate risks associated with cloud data.

Investment firm Sequoia Capital led the financing with participation from Accel, Cyberstarts, and René Bonvanie, CMO emeritus of Palo Alto Networks who also joined the board. The financing comes less than a year following Cyera’s establishment.   

The investment will be used to develop the functionality and features of the market’s leading cloud data security platform, incorporating feedback from customers over the following months.

“What [CEO] Yotam, [CTO] Tamar and the team have managed to build in under a year is incredible,” said Lior Simon, partner of Cyberstarts.

Founded in 2021 by Yotam Segev and Tamar Bar-Ilan who built and operated a cloud security division in the IDF’s Unit 8200 during their service, Cyera is a cloud-native data security platform capable of instantly and automatically discovering a company’s entire data, across clouds and datastores, before determining which data is sensitive and where it is most at risk. This enables security teams to remediate issues more efficiently, enabling what Cyera refers to as a “new data reality”.

“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,” said Segev. “We saw just how fast data moved, replicated, and multiplied in the cloud, and how traditional approaches simply couldn’t keep pace.”

Cyera’s platform can be connected to a company’s cloud footprint and map all datastores in the cloud in a matter of minutes, regardless of the underlying data technologies. 

“My team couldn’t believe how easy it was to get Cyera up and running,” said Mike Towers, chief security officer at Takeda Pharmaceuticals. “It instantly discovers the vast amounts of data we have across AWS, assesses the associated risks, and drives swift remediation. It’s become a crucial pillar of our cloud security projects.”

Cyera has already made inroads with multiple Fortune 500 clients and has 50 employees worldwide, including in Israel and the US.