Israeli-founded Cyera, a developer of an AI data security platform, announced on Thursday that it has raised $400 million in a funding round led by New York-based alternative asset manager Blackstone that triples its valuation from a year ago to $9 billion.

Other investors joining the funding round include Accel, Coatue, Cyberstarts, Georgian, Lightspeed Venture Partners, Sapphire, and Sequoia Capital.

The investment comes just six months after Cyera secured $540 million in a funding round that doubled its valuation to $6 billion, and the $300 million it raised at the end of 2024, at a $3 billion valuation. To date, the startup has nabbed more than $1.7 billion.

Cyera was founded in 2021 by Yotam Segev, CEO, and Tamar Bar-Ilan, CTO, who met during their Israeli army service, during which they built and ran the cloud security division for the Israel Defense Force’s vaunted intelligence outfit, Unit 8200.

Exposed to the challenges of securing data in the cloud, Segev and Bar-Ilan decided after their military service to develop and build a unified data security........

© The Times of Israel