Congratulations to Yotam Segev, Tamar Bar-Ilan, and the entire Cyera team on their impressive $300M Series D funding round, which values the company at $3B. This achievement, coming just seven months after their previous round, serves as a powerful validation of the data-centric security market and underscores the growing recognition that traditional perimeter-based security approaches are no longer sufficient in today's digital landscape.
Cyera's rapid growth trajectory – from founding in 2021 to a $3B valuation today – reflects more than just investor confidence. It signals a fundamental shift in how organizations approach data security. With plans to expand from 400 to 600 employees by the end of 2025 and a clear vision to become "the CrowdStrike of data security," Cyera is setting a new standard for the industry.
This latest funding round, led by Accel and Sapphire Ventures, follows Cyera's strategic acquisition of Trail Security last month for $162M. Together, these moves demonstrate the market's appetite for comprehensive data security solutions that can address the complex challenges of modern enterprise environments.
The Data Security Ecosystem: Defense and Offense
As we've long maintained at Virtru, effective data security requires both defensive and offensive capabilities. DSPM providers like Cyera excel at the defensive side – helping organizations discover, classify, and protect sensitive data within their environments. Their recent acquisition of Trail Security further strengthens these capabilities.
However, the story doesn't end with discovery and classification. Once sensitive data is identified and tagged, organizations face a crucial question: How can this valuable information flow freely and securely through various workflows – email, file sharing, SaaS applications – to create business value?
This is where Virtru's approach complements DSPM solutions. While Cyera and other DSPM vendors focus on protecting data at rest within organizational boundaries, Virtru enables organizations to securely share and collaborate with that same data beyond traditional perimeters. Our persistent encryption and granular access controls ensure that protection travels with the data itself, wherever it goes.
Building a Complete Data Security Strategy
The combination of DSPM solutions like Cyera's with Virtru's data-centric security controls creates a comprehensive approach to protecting the entire data estate. Organizations can:
- Discover and classify sensitive data using their favorite DSPM solution
- Protect internal data stores with automated security controls
- Securely share and collaborate using Virtru's persistent protection
- Maintain visibility and control throughout the entire data lifecycle
Looking Ahead
Cyera's latest funding round represents more than just company success – it validates the entire data-centric security market. As organizations continue to grapple with expanding data estates, growing privacy regulations, and increasing cyber threats, the need for comprehensive data protection will only grow.
We at Virtru congratulate the Cyera team on this milestone and look forward to continuing our complementary missions: enabling organizations to both protect and leverage their sensitive data in today's dynamic digital landscape.
