Cyera

The problem: where exactly did the sensitive data go?

Cyera was founded in 2021 by Yotam Segev (CEO), Tamar Bar-Ilan (CTO) and Yonatan Itai, all graduates of the Talpiot program and Unit 8200. Large organizations often do not know exactly where their sensitive data is. Customer details, medical information or proprietary code are spread across dozens of databases, cloud services and backups. Cyera scans all of these environments and uses models to classify the content automatically, since there is no practical way to go through millions of files by hand.

Why the need grew sharper with the move to AI

When an organization feeds documents to a model or connects an AI agent to internal databases, any misclassified document can show up in the model's answer to someone who should not see it. This time it appears without the permission system that protected it in the original system. According to Cyera's official announcement, about 68% of organizations cannot tell the difference between human activity and AI agent activity inside their own systems. The company calls this gap the missing "trust layer" in enterprise AI infrastructure.

The pace of fundraising: a billion dollars within a year

In June 2025 Cyera raised $540 million at a $6 billion valuation. In January 2026 it raised another $400 million at $9 billion. In June 2026, according to its official announcement, it raised another round of $600 million led by Evolution Equity Partners, with participation from Cyberstarts and Temasek, at a valuation of $12 billion: four times the valuation set 18 months earlier. Its total funding passed $2 billion.

Five acquisitions in less than two years

According to the official announcement, over the past 18 months Cyera grew to more than 1,500 employees in 18 countries and completed five acquisitions, most recently Ryft and Genie. About seven weeks later, at the end of July 2026, Cyera signed a letter of intent to acquire Oasis Security in a deal of about $1 billion, the largest of its acquisitions. In the same period the company shipped more than 100 new product capabilities in DSPM, privacy, identity, DLP and agentic security.

Data classification is not new technology; the urgency is

Data classification is not a new idea; such tools have existed for years. Varonis, for example, was founded in Herzliya in 2004 and helps organizations secure their information. What has changed is the accuracy and breadth of coverage that models make possible, and the urgency. An organization that did not know where its sensitive information was could get by like that for years, until it began connecting that information to systems that produce answers on their own.