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Cyral Closes $26 Million In New Financing As Customer Demand Soars

May 13, 2021•about 4 years ago

Amount Raised

$26 Million

Milpitas

Description

Cyral, the first data security and governance solution built for the modern data cloud and the DevOps-first world, today announced $26 million in additional funding from existing investors, Redpoint, Costanoa Ventures and A.Capital and a strategic investment from Silicon Valley CISO Investments (SVCI). This brings the company’s total funding to $41.1 million. Since launching in the second quarter of 2020, Cyral has experienced tremendous customer momentum within the Fortune 1000, reached significant corporate milestones including doubling the team to nearly quadrupling its valuation and has been recognized as a “Best Places to Work in the Bay Area”.

Company Information

Company

Cyral

Location

Milpitas, California, United States

About

Cyral delivers enterprise data security and governance across all data services such as S3, Snowflake, Kafka, MongoDB, Oracle and more. The cloud-native service is built on a stateless interception technology that monitors all data endpoint activity in real-time and enables unified visibility, identity federation and granular access controls. Cyral automates workflows and enables collaboration between DevOps and Security teams to automate assurance and prevent data leakage. Cyral is venture-backed by Redpoint, A.Capital, Costanoa and SVCI. Follow the company on Twitter at @cyralinc.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech