Building The Trust Layer for Enterprise AI

Why We Raised $600M at a $12B Valuation

Jun 10, 2026
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We've spent the last five years inside the world's leading companies watching what AI is already doing. Every enterprise working hard to achieve AI transformation continues to land on the same question: can they actually trust AI?

It's a critical question, and it's been left out of the AI infrastructure conversation. The industry built out chips, models, and compute. What it needs now is the layer that determines what AI can see and do.

Built for This from Day One

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. 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.

Legacy security controls – network, endpoint, vulnerability management – were never built to see what AI sees. They either block access and starve it, or they allow risk to spread unchecked. That binary was the problem we kept running into, and it shaped everything we built next.

From that foundation the platform evolved to meet the full scope of the problem, expanding into DLP for data in motion, identity and access controls, and AI usage governance across enterprise applications. Over the last year alone, we shipped more than 100 new product capabilities across DSPM, privacy, identity, DLP, and agentic security. What we kept learning is that classification isn't a security feature. It's the prerequisite for AI transformation enterprises can actually trust.

Why We Raised

Today we're announcing our Series G: $600 million at a $12 billion valuation, led by Evolution Equity Partners, with participation from Cyberstarts and Temasek, in addition to all existing investors including Accel, AT&T Ventures, Blackstone, Coatue, Spark Capital, among others. We raised this round to collapse the time between where enterprises are today and being able to run trusted AI at scale.

Trust is the real currency of AI transformation. The companies that win will be the ones that treated that trust as critical infrastructure, not an afterthought. That's who this round is for.

To our customers who trust us with the most important question in AI right now, thank you. To our team across the globe who built the foundation this is all standing on, none of this happens without you. To our investors, old and new, who saw the infrastructure thesis before it was obvious, thank you for accelerating our innovation.

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