Israeli data security firm Cyera raises $540 million, value doubles to $6 billion

Israeli data security startup Cyera said on Wednesday it raised $540 million in a late-stage private funding round that doubled its valuation to $6 billion over the past seven months.

Cyera, whose platform is powered by AI, said it would use the funds to grow and scale its data security platform and capabilities.

As enterprises rapidly embrace generative AI, copilots, and foundation models, securing the data that powers those systems has become a top priority, it added.