Cyera Acquires Trail Security for $162M to Expand Its AI-Driven Data Security Platform

Data security solutions provider Cyera Ltd. today revealed that it has acquired Israeli data loss prevention company Trail Security Ltd. for $162 million.

Prior to its acquisition, Trial Security was a data loss prevention company focused on artificial intelligence-driven solutions to protect sensitive data in various environments, including cloud, endpoint and network systems.

Trail Security’s platform uses real-time monitoring and automated classification to detect, block and remediate potential data breaches, with the goal of preventing unauthorized data sharing or accidental exposure. The platform also integrates machine learning models to identify anomalies in user behavior, helping organizations protect data at rest, in use and in transit, while providing real-time insights into how whose data was consulted and shared.

The company’s solutions were designed to help organizations meet critical compliance needs, such as those required by the European Union General Data Protection Regulation, Portability Act and Data Accountability health insurance and the payment card industry data security standard, providing a comprehensive layer of security for sensitive data. information.

The acquisition will see Trail’s advanced DLP capabilities integrated into Cyera’s data security posture management platform and increase Cyera’s ability to offer a comprehensive, unified data security solution. The integration will also strengthen Cyera’s strength in managing and protecting sensitive data by adding Trail’s real-time monitoring and anomaly detection capabilities, which focus on preventing data loss and unauthorized access. authorized.

The combined platform will provide businesses with a holistic approach to data security that addresses infrastructure and data threats across cloud and on-premises environments. The integration will also enable organizations to benefit from improved visibility, real-time protection and automated remediation of sensitive data breaches, enabling them to manage evolving data risks and proactively ensure compliance.

“The acquisition of Trail is a critical step in Cyera’s journey to reshape the future of data security,” said co-founder and CEO Yotam Segev. “Cyera is committed to consolidating the siled data security space and enabling enterprises to address the growing data security challenges around AI and cloud. »

Prior to its acquisition, Trail Security had raised $35 million in venture capital from Partners Lightspeed Ventures, Charles River Ventures and Cyberstarts Ltd.

Cyera previously made news in April when it raised $300 million at a valuation of $1.4 billion from investors including AT&T Ventures, Accel Partners and Sequoia Capital.

Image: Trail safety