Cyera raises $600M at $12B valuation amid flurry of cybersecurity investments

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Using an unordered list, summarize the following article with between 4 and 8 key points.
Cyera Ltd., a startup that helps organizations track and secure their data assets, has raised $600 million from investors at a $12 billion valuation.
The company is one of three cybersecurity providers to have disclosed funding rounds today. The other two, Pi Ltd. and Aryon Security Ltd., raised $35 million and $29 million, respectively. The latter deals both included contributions from CrowdStrike Holdings Inc. Chief Executive Officer George Kurtz and the founders of Armis Inc., a well-funded cybersecurity startup.
Word of Cyera’s raise first emerged last Tuesday. The reports that leaked the deal suggested the company would only raise half as much as it eventually did, which hints the round may have drawn more investor interest than anticipated. Evolution Equity Partners led the $600 million Series G round with participation from Accel, AT&T Ventures, Blackstone, Coatue, Spark Capital and others.
Cyera sells an artificial intelligence platform that can scan a company’s systems for sensitive data such as credit card numbers. After identifying an important record, the platform checks whether it’s stored security. Cyera can flag risks such as weak access controls that enable users to download data without logging in.
The company’s platform can fix some cybersecurity issues on its own. For example, a hospital could configure it to automatically encrypt healthcare records that are stored in plaintext. When a vulnerability can’t be remediated on a fully automated basis, the platform notifies the team in charge of the affected data repository.
Cyera’s platform also automates several related use cases. It can block risky data movements such as attempts to download code files onto a USB flash drive. Additionally, a tool called AI Guardian ensures that AI agents use the data they access in compliance with cybersecurity policies.
“We started Cyera to solve a problem enterprises couldn’t crack: understanding what sensitive data they had, where it lived, and who could reach it,” Cyera founding Chief Executive Officer Yotam Segev (pictured, right, with co-founders Tamar Bar-Ilan and Yonatan Itay) wrote in a blog post. “We built a classification engine with AI at its core, reading for meaning rather than just applying labels. It’s still the hardest thing to do in this space, and it’s where we built our edge.”
Pi, the second cybersecurity startup that announced a funding milestone today, is using AI to ease a different aspect of companies’ breach prevention efforts. Its namesake platform automates several of the steps involved in fixing software vulnerabilities. The built-in AI agents generate remediation guidance by analyzing a vulnerable application’s code, the infrastructure on which it runs and past cybersecurity incidents.
The startup has raised $35 million over two rounds. The most recent of the two investments, a $25 million Series A deal, was led by Third Point Ventures, while Brightmind Partners led the company’s seed raise. Pi says its customers include multiple AI labs and an unspecified “major social network.”
Aryon Security added to today’s cybersecurity funding tally with a $29 million Series A round led by Brightmind Partners. Datadog Ventures, Blumberg Capital, Viola Ventures and a number of other investors chipped in as well.
Its software product helps companies ensure that their cloud environments are configured securely. A built-in AI engine generates recommended settings that users can apply without writing code. From there, the platform tracks how cloud resources change over time and modifies the initial configuration accordingly.
Aryon says its installed base includes companies in the healthcare, banking, insurance, telecommunications, shipping and industrial sectors. The company plans to expand its platform’s automation capabilities beyond public clouds to other technology environments.
Photo: Cyera

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