Data security startup Cyera achieves $9 billion valuation six months after being valued at $6 billion

Data security startup Cyera continues to grow. On Thursday, that is Announce $400M Series F funding round at $9B valuation. The New York-based company has now raised more than $1.7 billion. This financing comes just six months after the previous financing of $540 million $6 billion round evaluation.

The new round was led by funds managed by Blackstone with participation from existing investors including Accel, Coatue, Lightspeed, Redpoint, Sapphire, Sequoia and others.

Seera Offers It is called data security posture managementa service that helps companies locate all their sensitive data across cloud systems and databases, track how employees and applications use it, and identify security vulnerabilities. The rise of artificial intelligence — which has led to an increase in the amount of data companies handle and concerns about data leaks — has helped Cyera sign five Fortune 500 companies as customers and more than triple revenue last year, the company says, sending investors eagerly scrambling.