JERUSALEM, June 11 (Reuters) - Israeli data security

startup Cyera said on Wednesday it raised $540 million in a

late-stage private funding round that doubled its valuation to

$6 billion over the past seven months.

Cyera, whose platform is powered by AI, said it would use

the funds to grow and scale its data security platform and

capabilities.

As enterprises rapidly embrace generative AI, copilots, and

foundation models, securing the data that powers those systems

has become a top priority, it added.

"Across the board, we're hearing the need for enterprises to

push hard on AI, yet they must move fast without compromising

security and control," said co-founder and CEO Yotam Segev.

"Cyera's focus on data security is the most critical

capability the enterprise needs to adopt AI responsibly."

The round was led by Georgian, Greenoaks, and Lightspeed

Venture Partners, alongside existing investors Accel, Coatue,

Cyberstarts, Redpoint, Sapphire, Sequoia Capital and Spark, the

company said.

In November, Cyera - founded in 2021 - raised $300 million

for a total valuation of $3 billion.

Cyera said that over the past 18 months, it posted 353%

growth in Fortune 500 companies, expanded to 10 countries and

more than doubled its size to nearly 800 employees globally. In

that time it has raised $1.3 billion and its valuation has

jumped 12 times.

Last October the company acquired Trail Security for $162

million.