Cyera

Here is a detailed analysis of Cyera based on the information provided:

Company Overview

Cyera is an AI-powered data security platform that provides enterprises with deep context on their data to ensure cyber-resilience and compliance. The company is building a next-generation data security platform that aims to deliver ease, agility, and robust protections that security teams demand.

Cyera is headquartered in New York, with offices in Tel Aviv, Israel. It operates in the cybersecurity and data protection industry.

Products Overview

Cyera’s core product is a cloud-native, AI-powered data security platform with the following key capabilities:

1. Continuous agentless scanning: Connects to cloud environments using a single IAM role, without requiring agents, network footprint or hardware. Uses native APIs to discover data stores while remaining out-of-band.

2. Automatic data store discovery: Automatically and continuously discovers all data stores across IaaS, PaaS, SaaS and on-premises environments.

3. Sensitive data inventory and classification: Uses AI and machine learning to automatically identify, classify and continuously scan for sensitive data like PII, PHI, PCI, IP data, etc.

4. Data Security Posture Management (DSPM): Provides visibility into sensitive data location, access, usage, and security posture.

5. Data Detection and Response (DDR): Detects security and privacy exposures related to data movement, usage, or improper location. Integrates with DLP, CNAPP and SIEM tools.

6. Data Access Governance (DAG): Enables enforcing data access policies and highlights overly permissive or risky access to data.

7. Identity Module: Links identity to sensitive data access, providing visibility into which human and non-human identities can access sensitive information.

8. Deep toolchain integrations: Integrates with various security and IT tools for automation, identity management, SIEM, etc.

Founding Team

The co-founders of Cyera are:

• Yotam Segev - Co-founder and CEO
• Tamar Bar-Ilan - Co-founder and CTO

Problem and Market Fit

Cyera addresses the challenge of securing and managing sensitive data across complex cloud and hybrid environments. As organizations rapidly adopt cloud services and AI tools, they struggle to maintain visibility and control over where sensitive data resides, who has access to it, and how it’s being used. This creates significant cybersecurity and compliance risks.

Cyera’s platform aims to solve this by providing automated discovery, classification, and protection of sensitive data across an organization’s entire data landscape. Its cloud-native, API-based approach allows it to secure data without agents or performance overhead, fitting well with modern cloud architectures.

Business Model

Cyera appears to operate on a software-as-a-service (SaaS) model, providing its data security platform to enterprises on a subscription basis. The company likely charges based on factors like data volume, number of cloud accounts/environments secured, and specific modules/capabilities used.

Funding and Runway

While specific funding amounts are not provided, the company has backing from several prominent venture capital firms including Sequoia, Accel, Cyberstarts, Redpoint, AT&T Ventures, Coatue, Spark Capital, and Georgian. This suggests Cyera has raised significant venture capital funding, likely in the hundreds of millions of dollars range given the caliber of investors involved.

Competitive Landscape

Cyera operates in the competitive cloud data security and data loss prevention (DLP) market. Some key competitors likely include:

• Varonis
• Netskope
• Symantec (Broadcom)
• Palo Alto Networks
• Imperva
• Laminar
• Open Raven

Cyera aims to differentiate through its cloud-native architecture, AI-powered approach, and comprehensive data security capabilities from discovery through governance.

Customers

While specific customer names are not provided, the website shows logos of several prominent companies using Cyera, including:

• Armis
• ACV Auctions
• LifeLabs
• Cboe
• DocuSign
• UiPath
• Peloton
• AT&T
• Takeda Pharmaceutical

The customer base appears to span industries like technology, healthcare, financial services, and manufacturing.

Relevant News

• April 2024: Cyera raised $300 million in funding at a $1.4 billion valuation.
• June 2024: Launched a Data Incident Response Service to bring speed and focus to security investigations.
• July 2024: Announced an Identity Module embedded into its data security platform.
• March 2024: Named to Fast Company’s list of the World’s Most Innovative Companies of 2024.

In summary, Cyera appears to be a well-funded, rapidly growing startup tackling the critical challenge of securing sensitive data in cloud environments. Its AI-powered platform and comprehensive approach to data security have attracted significant investor and customer interest. The company is expanding its capabilities and seems positioned as a leader in the evolving cloud data security market.