Data security startup Cyra continues to grow. this Thursday announced $400 million Series F funding round at a $9 billion valuation. The New York-based organization has now raised more than $1.7 billion. This funding comes just six months after a previous $540 million around $6 billion Evaluation.
The new round was led by funds managed by Blackstone with participation from existing investors including Accel, Coatue, Lightspeed, Redpoint, Sapphire, Sequoia and others.
Saira offers This is called data security posture managementA service that helps companies find out where all their sensitive data resides in cloud systems and databases, track how employees and applications use it, and identify security vulnerabilities. The company says the rise of AI – which has increased both the amount of data handled by companies and concerns about data leaks – has helped Cyra sign on one-fifth of Fortune 500 companies as customers and more than triple its revenue in the last year, with investors eager to get involved.
