Cyera acquires Otterize, a platform for securing cloud-native non-human identities and data flows, to expand its data security platform

Cyera, the world’s fastest-growing data security company in history, announced that it has acquired the venture-backed tech company Otterize, in a deal estimated at tens of millions of dollars.

The deal comes on the heels of the recently announced acquisition of Shape AI, as Cyera continues to rapidly expand its data security platform, having raised just last week a $540 million Series E, bringing total funding to $1.3 billion at a $6 billion valuation. 

Otterize, founded in 2022 by Tomer Greenwald, Ori Shoshan, both 8200 alumni, and Uri Sarid, former CTO of MuleSoft, raised a $11.5 seed round from Index Ventures, Dig Ventures, and Vine Ventures, with participation from other investors and an impressive array of angel investors, including executives from Shopify, Snyk, Robinhood, Armis, Slack, GitHub, VMWare and Salesforce, among others. Otterize provides a fresh, fully automated, and developer-friendly approach to securing non-human identities. The company's product automatically determines minimally required access for each workload, specifies it using intent-based access control (IBAC), and is then used to automatically configure infrastructure and network to only allow the minimal required access.

“We’re thrilled to welcome Otterize to Cyera. We admire their work in securing sensitive data flows in runtime using eBPF agents. This excellent team, whom we’ve known for many years, will accelerate our AI security, data lineage, and DSPM capabilities,” said Tamar Bar Ilan, Cyera co-founder and CTO. “Cyera will continue to grow its R&D through acquisitions, alongside hiring the best engineers in the world. I couldn’t be more excited to see our platform continue to rapidly expand.”

Tomer Greenwald & Ori Shoshan, Otterize co-founders, said:

“Joining Cyera is an amazing next step for our team. From the get-go, the strong culture fit, exceptional talent, and strategic clarity of Cyera stood out to us. We’re excited to help drive their continued rapid growth and innovation in data security. A special thanks to our investors without whom this wouldn’t have been possible: Index Ventures for their early belief in our vision, Dig Ventures for sharpening our developer focus, and Vine Ventures for their unwavering support and for always being a thoughtful sounding board.”