Cyera Raises $600M, $12B Valuation Amid AI Security Boom

Cyera, a cybersecurity company, has raised $600 million in new funding, bringing its valuation to $12 billion. This investment comes as global demand surges for tools that secure and govern AI systems. The company's total funding now exceeds $2 billion. This capital will help Cyera develop its "trust layer" platform, which aims to give organizations visibility into how AI systems access and interact with sensitive data. Many businesses currently lack this insight, slowing their AI adoption. Cyera's platform covers data security, loss prevention, identity, privacy, and AI agent security. The company has tripled its annual recurring revenue for three consecutive years and now employs over 1,500 people. It has also made five acquisitions recently to expand its capabilities. The bottom line is that Cyera is building essential infrastructure to manage data access and risk as AI technology continues to grow.