The data security startup recently hired a new channel chief as the company looks to double down on partners.
Cyera, which recently hired a new channel chief to double down on its work with partners, confirmed it has achieved a $6 billion valuation in connection with a $540 million funding round.
The fast-growing data security startup announced the closing of the new Series E round Wednesday, which was led by Georgian, Greenoaks and Lightspeed Venture Partners.
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Calcalist had reported in May about Cyera’s $6 billion valuation, which was followed by a Bloomberg report adding that the size of the funding round totaled $500 million.
A top player in the red-hot space of data security posture management (DSPM), Cyera has expanded to offer data loss prevention (DLP) — and in April debuted its Omni DLP offering that provides unified, adaptive data security across all environments and tools.
Founded in 2021, the $540 million in new funding brings the company to a total of more than $1.3 billion raised to date. Cyera had most recently announced raising $300 million in new funding at a valuation of $3 billion in November 2024.
The new fundraise follows the announcement in late April that Cyera had hired an industry veteran, Dave Rogers, as channel chief in a signal that it’s serious about expanding its efforts with partners.
Rogers, who had most recently been at Palo Alto Networks, said in an interview with CRN in late April that he’s coming aboard at Cyera to help partners capture the massive opportunities around enabling AI adoption for their customers.
“There’s no limit to the amount of opportunity for partners when they’re ingrained in the customer’s most important project,” Rogers said.
Cyera co-founder and CEO Yotam Segev told CRN at the time that bringing aboard Rogers is major validation for the partner opportunities ahead. “I think that he will position us in a much stronger way within the channel community for the next phase of growth,” Segev said.
