After raising $300 million in April, the data security startup White closed one other $300 million revenue windfall, more than doubling its previous valuation.
The New York-based company announced a $300 million Series D round led by the company Speed up AND Sapphire ventures at a valuation of $3 billion.
Just seven months ago, Cyera raised $300 million at the top of its Series C round Coat at a valuation of $1.4 billion. This round almost tripled the startup’s valuation relative to its value Series B for $100 million in June 2023, which valued it at $500 million. Founded in 2021, Cyera has raised $760 million to date, according to the company.
Capital of Sequoia, Redpoint VenturesCoatue i Georgian he also took part in the recent round announced on Wednesday.
Cyber and artificial intelligence
While Cyera is a cybersecurity company, it is actually riding the wave of artificial intelligence. The startup has an AI-powered data security platform that helps enterprise security teams understand what data they have, the way it is getting used, and how to keep it secure in a complex digital environment. Of course, the reliance on data has develop into even greater as corporations implement artificial intelligence initiatives.
Cyera also uses artificial intelligence on its platform to assess the risks posed by corporations’ data in terms of security, privacy and regulatory compliance.
“Data security has become a top priority for businesses as they navigate the complexities of a rapidly changing data landscape shaped by the rise of artificial intelligence,” said co-founder and CEO Yotam Segev In release. “This funding enables us to continue to accelerate the development of the platform, attract world-class talent across R&D, sales and marketing, and strategically acquire solutions that align with our vision for the future of data security.”
Cyery’s round is one of the largest in the cyber space this yr and the largest since a secure content company Kiteworks raised a $456 million round Insight Partners AND Sixth Street.