Data security startup Cyera hits $9B valuation six months after being valued at $6B

The Cyera data protection initiative continues to grow. Thursday, that he announced $400 million in Series F funding at a $9 billion valuation. The New York-based outfit has now raised $1.7 billion. This amount comes just six months after the previous $540 million around $6 billion to calculate.

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

White gives which it calls data security posture managementa service that helps companies know where all their private data resides in the cloud and databases, monitor employee and software usage, and identify security risks. The rise of AI — which has increased the amount of data companies handle and worries about data leaks — has helped Cyera sign a fifth of the Fortune 500 companies as clients and more than triple its revenue in the past year, the company says, prompting investors to pile on the enthusiasm.