Cyera, an AI-powered data security company, has announced the acquisition of Trail Security, a next-generation data loss prevention (DLP) company, for $162 million. This marks a key milestone for the three-year-old cybersecurity unicorn, which is valued at over $1.4 billion, as it continues to expand its AI-driven platform. This follows Cyera’s $300 million Series C funding round, which was closed in April 2024.
Why this acquisition?
The acquisition integrates Trail’s advanced DLP capabilities with Cyera’s Data Security Posture Management (DSPM) platform, Cyera’s core product, offering the market’s first Unified Data Security Platform. This move allows Cyera to disrupt the $2 billion DLP market, expected to grow to $21 billion by 2034.
The acquisition elevates Cyera’s AI-powered platform, a renowned platform in DSPM. Already, the Israel-founded, U.S.-based cybersecurity unicorn has expanded to address broader security challenges, including releasing an identity module, a data breach readiness service, and now full-spectrum DLP capabilities.
The Cyera-Trail partnership
By integrating Trail’s AI-enhanced DLP technology, Cyera will set a new standard for data security, one that focuses on protecting the data itself, not just the surrounding infrastructure.
Built on a strong foundation of mutual respect and shared history, both leadership teams have been part of Israel’s prestigious Talpiot program, a military technology unit that boasts just 1,000 elite alumni over 40 years.
Founded by Yotam Segev and Tamar Bar-Ilan, Cyera builds a list of customers across major industries like healthcare, communications, and financial services. It will onboard 40 Trail employees with deep technical expertise. The new team will serve as the foundation for Cyera’s DLP division. Cyera is on pace to grow to over 1,000 employees in the next two years.
Notably, Trail Security, founded by Zohar Vittenberg, Nadav Zingerman, and Roei Mutay, raised $35 million in Series A funding from Lightspeed Ventures, CRV, and Cyberstarts, and alongside Cyera, it will bring innovation to market as a unified platform.
“Joining Cyera marks an exciting new chapter for Trail,” said Zohar Vittenberg, CEO & Co-Founder of Trail. “We’ve always aimed to push the limits of data loss prevention with AI. In Cyera, we’ve found a partner that shares our vision. Together, by combining our DLP with their leading DSPM platform, we’re delivering a solution that both identifies and protects against data risks in real-time, setting a new standard for data security in an AI-driven world.”
“The acquisition of Trail is a pivotal step in Cyera’s journey to reshape the future of data security,” said Yotam Segev, CEO and Co-Founder of Cyera. “Cyera is determined to consolidate the siloed data security space and enable enterprises to navigate the growing data security challenges around AI and cloud. The addition of Trail is a huge leap forward in making this a reality for our customers, disrupting the entire data security space. Natively coupling DSPM with DLP gives every customer the crucial opportunity to build successful data security.”
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