Data security firm Cyera raises $600 million at $12 billion valuation

Data security firm Cyera said on Wednesday it has raised $600 million at a $12 billion valuation in a late-stage funding round, quadrupling its valuation from more than a year ago.

The ‌jump underscores ⁠rising ⁠investor interest in data security businesses as cybersecurity threats increase alongside the rapid adoption of generative AI technologies.

The funding round was led by Evolution Equity Partners, with participation from Singapore state investor Temasek ⁠and Israeli ‌venture capital fund Cyberstarts, Cyera said.