Cyera Raises $300M in Series C Funding for Expansion and Innovation
Cyera Raises $300M in Series C at $1.4 Billion Valuation
Cyera's Series C Funding and Expansion
Key Highlights:
- Series C Funding: Raised $300 million in Series C funding, led by Coatue, with participation from new and existing investors.
- Valuation: Reached a valuation of $1.4 billion.
- Business Expansion: Funds will be used to expand operations and business reach.
Cyera's Target Market
- Enterprise Data Security: Targeting enterprises in need of advanced data security solutions and lifecycle programs.
- Cloud and On-Premise Environments: Providing data security solutions for structured and unstructured data across various environments, including clouds, SaaS, data lakes, and on-premises.
- Industries: Serving a wide range of industries, including finance, healthcare, technology, and more.
What Cyera Needs to Buy
- Talent Acquisition: Hiring top talent in AI, machine learning, cloud computing, and data security to support product development and innovation.
- Partnerships and Integrations: Collaborating with cloud providers, SaaS companies, and other technology partners to enhance their data security offerings.
- Marketing and Sales Support: Engaging with marketing agencies and sales experts to effectively reach their target market and drive customer acquisition.