Cyera Raises $60M in Funding
Summary
Cyera, a San Mateo, CA- and Tel Aviv, Israel-based cloud data security company, launched from stealth with $60m in funding. René Bonvanie, CMO Emeritus of Palo Alto Networks, also participated in the financing and joined the board. The company intends to use the funds to develop the functionality and features of its cloud data security platform, incorporating feedback from customers over the following months. From there, Cyera parses and classifies this data (including PII) and then surfaces the highest priority risks for remediation with suggested courses of action. Cyera has already made inroads with multiple Fortune 500 customers and has 50 employees worldwide, including Israel and the US.
Funding
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