Cyera valued at $9 billion as data security firm raises $400 million

Data security firm Cyera said on ‍Thursday it raised $400 million in a late-stage funding round, with ⁠its valuation tripling in little over a year to $9 billion, highlighting the surge in demand for AI-driven data ‌protection tools.

The ‌company was valued at $3 billion in a funding round in ‌November 2024, and that surged to $6 billion at its previous round in June, when it raised $540 million.