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Cyera

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Overview

Cyera is a pioneering company in the data security space, focused on providing comprehensive and intelligent solutions to enterprises. The company's mission is to build the world's most intelligent data security platform, enabling businesses to safely harness the power of their data, unlock innovations, make smarter decisions, and maximize growth. Key features of Cyera's platform include:

  • Data Discovery and Classification: An AI-powered engine that automates the discovery and classification of sensitive data with 95% accuracy.
  • Risk Assessment and Management: Continuous monitoring and remediation capabilities for identifying and prioritizing data risks.
  • Data Security Modules: Including Data Security Posture Management (DSPM), Identity Access, Data Detection and Response, Data GRC, Data Privacy, Data Loss Prevention (DLP), and Data Breach Readiness. Unique aspects of Cyera's offering:
  • Agentless Design: Deploys in just five minutes across any environment without agents, ensuring high scalability and efficiency.
  • AI-Powered: Leverages artificial intelligence for data classification, risk identification, and data loss prevention. Cyera integrates with over 40 existing tools and supports various cloud environments such as AWS, Snowflake, Microsoft 365, and Azure. The company serves prominent organizations like Paramount Pictures and Mercury Financial, with clients praising its visibility, context, and control over data. Led by co-founders Yotam Segev (CEO) and Tamar Bar-Ilan (CTO), Cyera has recently secured a $300M Series D funding round with Sapphire Ventures to drive the future of data security. The company is positioned to help organizations protect their data effectively, ensure compliance, and enable business agility in a rapidly evolving data security landscape.

Leadership Team

Cyera's leadership team comprises experienced executives and specialists in the data security industry: Founders and Executive Leadership

  • Yotam Segev: Co-founder and CEO
  • Tamar Bar-Ilan: Co-founder and Chief Technology Officer (CTO) Strategic and Security Leadership
  • Jason Clark: Chief Strategy Officer and Chief Marketing Officer, with over 30 years of industry experience
  • Lamont Orange: Chief Information Security Officer, with over 25 years of experience and an Adjunct Professor role at Washington University in St. Louis Other Key Executives
  • Steve Rog: Vice President of Sales
  • Sharon Shaked: Vice President of Partnerships & People
  • Guy Gertner: Vice President of Product
  • Yonatan Itai: Vice President of Research & Development
  • Shiran Bareli: Head of Research
  • Russ Slaten: Vice President of Customer Success
  • Yael Gertel: Vice President of Business Operations
  • Joseph Iantosca: Vice President of Finance Chief Strategy Office Experts
  • Nate Smolenski: Head of Risk & IR Services
  • John Hibbs: Former US Navy Commander and advisor to Fortune 500 Boards
  • Michael Eisenberg: Expert in aligning security initiatives with business objectives
  • James Christiansen: Head of Data Security, with extensive experience in global information security leadership This diverse team brings a wealth of experience and expertise to Cyera, positioning the company as a leader in the data security industry.

History

Cyera, an AI-powered data security platform, has a brief but impactful history in the rapidly evolving cybersecurity landscape: Founding and Early Development

  • Founded in early 2021 by Yotam Segev (CEO) and Tamar Bar-Ilan (CTO)
  • Founders have a background in Israel's elite military units, Talpiot and Unit 8200
  • Platform development focused on leveraging AI and machine learning for proactive data security
  • Official launch of the Data Security Platform in 2022 Key Innovations
  • AI-powered technology for analyzing data landscapes and enhancing cyber-resilience
  • Real-time data exposure detection capability added in April 2023
  • SafeType browser extension released in May 2023 to anonymize sensitive data in ChatGPT
  • Integration of large language models from OpenAI for improved security management Growth and Funding
  • Total funding raised: $460 million
  • Significant funding round: $300 million in April 2024, valuing the company at $1.4 billion
  • 800% revenue growth from June 2022 to June 2023
  • Workforce expansion from 50 to over 220 employees, with plans to reach 350-400 by end of 2024 Market Recognition
  • Listed as one of Fast Company's Most Innovative Companies in 2024
  • Recognized for its unique approach to data security and impact on the cybersecurity industry Cyera's rapid growth and innovative solutions have quickly established it as a leading player in the data security market, addressing the increasing need for intelligent and proactive cybersecurity measures in organizations worldwide.

Products & Solutions

Cyera offers a comprehensive range of products and solutions focused on enhancing data security and management, particularly in complex and regulated environments. Their offerings are designed to provide deep insights into an organization's data landscape, ensuring robust protection and compliance.

Data Security Posture Management (DSPM)

Cyera's flagship DSPM solution is the cornerstone of their offerings, providing:

  • Rapid Data Discovery: Quickly identifies data across cloud and on-premises environments without the need for agents or connectors.
  • AI-Powered Classification: Utilizes artificial intelligence and machine learning to classify data with 95% precision, determining criticality and sensitivity.
  • Proactive Security: Analyzes metadata from identities, access, encryption, backups, and data location to provide insights on potential risks and reduce the data attack surface.

Industry-Specific Solutions

Manufacturing

Cyera's manufacturing solution focuses on protecting intellectual property, personal information, and sensitive data in smart factories:

  • Identifies and classifies IP data and personal information across various environments
  • Mitigates risks by highlighting misconfigurations and building ransomware resilience
  • Controls access along the data supply chain to mitigate insider threats

Retail

For retailers, Cyera's solution safeguards customer data and sensitive information:

  • Continuously discovers and inventories sensitive data, including customer, payment, and transactional information
  • Identifies unencrypted, non-tokenized, or unhashed sensitive data
  • Reduces overly permissive access and implements security controls to prevent breaches

Key Features

  1. Automated Data Discovery: Discovers, classifies, and contextualizes sensitive data across IaaS, PaaS, and SaaS environments without performance penalties.
  2. Compliance and Audit: Assists with regulatory compliance (GDPR, CCPA, PCI-DSS, ISO 27001, NIST, ITAR) through centralized sensitive data inventory and streamlined reporting.
  3. Access Control and Risk Remediation: Identifies and mitigates overly permissive access, automating remediation workflows through toolchain integrations.
  4. Integration and Scalability: Easily integrates with cloud solution provider platforms and scales to vast data volumes, suitable for large and complex data environments. Cyera's products and solutions are designed to enhance data visibility, classification, and security while ensuring compliance and optimizing cloud costs, making them a comprehensive choice for organizations seeking robust data protection.

Core Technology

Cyera's core technology is built on several key components that collectively enhance data security and management for enterprises:

1. Data Security Posture Management (DSPM)

The foundation of Cyera's technology, DSPM provides a holistic view of an organization's data landscape. It enables:

  • Comprehensive data discovery
  • Precise classification
  • Continuous monitoring of sensitive data This feature helps organizations understand where their data resides, who has access to it, and what risks it may face.

2. Data Loss Prevention (DLP)

Following the acquisition of Trail Security, Cyera integrated advanced DLP capabilities into its platform. This allows organizations to:

  • Detect and block unauthorized access to sensitive information
  • Proactively prevent data breaches

3. Unified Visibility

Cyera offers a streamlined dashboard that consolidates data from various environments, including:

  • Cloud systems
  • Software as a Service (SaaS) platforms
  • On-premises systems This unified view of risk is crucial for navigating complex regulatory landscapes and maintaining a comprehensive security posture.

4. AI-Powered Data Classification

Leveraging machine learning, Cyera's platform classifies sensitive data with over 95% accuracy. This advanced technology:

  • Minimizes reliance on manual processes
  • Reduces the chances of human error
  • Ensures consistent and reliable data categorization

5. Agentless Deployment

One of Cyera's standout features is its agentless approach, which allows for:

  • Rapid deployment
  • Minimal disruption to existing operations
  • No need for extensive hardware or software installation

6. Continuous Monitoring and Risk Management

Cyera provides ongoing monitoring to:

  • Identify vulnerabilities before they become problems
  • Maintain constant oversight
  • Enable quick responses to emerging issues

7. Integration and Scalability

Designed for enterprise-level operations, Cyera's platform:

  • Scales easily to protect vast data landscapes
  • Integrates with existing tools for prioritizing threats
  • Helps organizations focus resources and make high-impact decisions faster In summary, Cyera's technology combines cutting-edge AI, comprehensive data visibility, and user-centric design to provide a robust and integrated data security solution. This approach enables organizations to maintain a strong security posture while efficiently managing their data across complex environments.

Industry Peers

Cyera operates within the cybersecurity industry, specifically focusing on Data Security Posture Management (DSPM). Here's an overview of its key industry peers and competitors:

Data Security Posture Management (DSPM) Companies

  1. Dig Security: Offers comprehensive cloud data protection, including DSPM, discovery, classification, and protection.
  2. Laminar: Provides a Multi Cloud Data Security Platform for protecting sensitive data, with solutions in compliance, governance, and security.
  3. Eureka Security: Specializes in secure data management in cloud environments, catering to engineers, security teams, and compliance teams.
  4. Open Raven: Focuses on multi-cloud data discovery, classification, and protection within the DSPM space.
  5. Dasera: Automates security and governance controls for data across cloud and on-premises environments throughout the entire data lifecycle.
  6. Normalyze: Offers cloud data security solutions, providing visibility and control for customer data protection.
  7. Sentra: Specializes in Data Security Posture Management (DSPM), Data Detection and Response (DDR), and Data Access Governance.

Other Relevant Companies

  1. BigID: Provides a unified platform for data visibility and control, including data discovery, classification, DSPM, and data privacy management.
  2. Teleskope: Automates data security and privacy across various environments, offering a comprehensive data protection platform.
  3. Soveren: Specializes in data observability and security, providing advanced analysis and protection of sensitive data.
  4. Varonis: Offers a range of solutions including data discovery and classification, data activity monitoring, and ransomware protection. These companies collectively represent the broader cybersecurity and data security landscape, each offering unique approaches to manage, secure, and protect data across different environments. While they may share some similarities in their core offerings, each company has its own strengths and specializations within the field of data security. The competitive landscape in this industry is dynamic, with companies continuously innovating to address evolving cybersecurity challenges. Organizations looking to enhance their data security posture often evaluate multiple solutions to find the best fit for their specific needs and infrastructure.

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Citi

Citigroup Inc., commonly known as Citi, is a multinational investment bank and financial services company headquartered in New York City. With a rich history dating back to 1812, Citi has evolved into one of the world's leading financial institutions. ## History and Formation Founded as the City Bank of New York in 1812, Citi has grown through numerous mergers and innovations. A significant milestone was the 1998 merger of Citicorp and Travelers Group, forming Citigroup. However, Travelers was spun off in 2002. ## Structure and Operations Citi operates through two major divisions: 1. Institutional Clients Group (ICG): Offers investment banking, corporate banking, treasury and trade solutions, and securities services. 2. Personal Banking and Wealth Management (PBWM): Includes retail banking, credit card services, and wealth management. The company provides a wide range of financial services, including: - Retail, commercial, and investment banking - Securities brokerage - Trade and securities services - Wealth management solutions - Accounts and deposit services - Loans and mortgages - Small business banking solutions - Corporate and institutional services ## Global Presence Citi maintains a significant global footprint, serving clients in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific region. Its diverse client base includes individuals, corporations, small businesses, and institutional and government entities. ## Key Initiatives and Innovations - Pioneered the world's first ATM and introduced 24-hour PC banking in the UK - Implemented Smart Banking branches and 24-hour service units globally - Launched innovative credit card products and expanded retail banking operations - Committed to diversity and inclusion (D&I) and environmental, social, and governance (ESG) initiatives ## Leadership Jane Fraser became CEO in February 2021, making history as the first woman to lead a major Wall Street firm. Under her leadership, Citi has intensified its focus on addressing social issues, including the U.S. racial wealth gap through its Action for Racial Equity initiative. ## Financial Status As one of the Big Four banking institutions in the United States, Citi is considered a systemically important bank by the Financial Stability Board. It consistently ranks among the top global investment banks and maintains a strong position in various financial rankings: - #24 in the Forbes Global 2000 (2023) - 36th on the Fortune 500 (2023) Citi's continued evolution and adaptation to the changing financial landscape solidify its position as a key player in the global banking industry.