Cyera, the Israeli data security company, is in talks to raise money at a valuation of about $20 billion, according to a CTech report cited by Globes and The Times of Israel. If the round goes ahead, the company's valuation will nearly double within months: in June it was reported to have raised at a $12 billion valuation, and in January it was valued at $9 billion.
Cyera develops a platform that helps organizations find where their sensitive data is, in the cloud and across systems, who accesses it and how to protect it. The company, founded by intelligence veterans Yotam Segev and Tamar Bar-Ilan, has grown quickly thanks to the AI wave: when organizations give AI agents access to data, they need to know exactly what the models see.
Note: this is a report of talks, not a closed deal. The company has not officially confirmed, and the valuation may change. Even so, the report fits the market trend: data security is one of cybersecurity's hottest fields this year, as Proofpoint's $6.3 billion purchase of Varonis also showed.
If the round closes at a $20 billion valuation, Cyera will become one of the world's most valuable private cybersecurity companies. CEO Yotam Segev also appears among investors in young Israeli startups in the field, such as A Security, an example of how a generation of successful founders invests back into the ecosystem.
