June 10 (Reuters) - Data security firm Cyera said on

Wednesday it has raised $600 million at a $12 billion valuation

in a late-stage funding round, quadrupling its valuation from

more than a year ago.

The jump underscores rising investor interest in data security

businesses as cybersecurity threats increase alongside the rapid

adoption of generative AI technologies.

* The funding round was led by Evolution Equity Partners,

with participation from Singapore state investor Temasek and

Israeli venture capital fund Cyberstarts, Cyera said.

* Existing investors including Accel, AT&T Ventures,

Blackstone and Coatue also took part in the round, the

company added.

* Cyera said it has tripled its annual recurring revenue for

three straight years, expanded its workforce to 1,500 employees

across 18 countries and acquired five companies in the last 18

months.

* Cyera's software helps companies identify, classify and

protect sensitive data across cloud and on-premise systems,

helping them monitor risks and comply with regulations.

* In January, Cyera raised $400 million at a $9 billion

valuation, proceeds from which were earmarked for product

development, global expansion and partnerships.