Israeli-founded Cyera, a developer of an AI-powered data security platform, is raising $400 million in a funding round led by New York-based alternative asset manager Blackstone that values the company at $9 billion, according to a source familiar with the matter.

The Wall Street Journal first reported the news. The investment comes just six months after Cyera secured $540 million in a funding round in June that doubled its valuation to $6 billion. It also raised $300 million in November 2024, at a $3 billion valuation.

Four years after it was founded, the startup is set to be backed by about $1.7 billion in funding from global and local investors, including Accel, Coatue, Cyberstarts, Georgian, Lightspeed and Sequoia. Cyera and Blackstone declined to comment when contacted by The Times of Israel.

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

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