Sierra workers (Photo by Menashe Cohen)
Startup Sierra has completed a $ 60 million round of funding. Sierra is concerned with protecting the sensitive information in the organization that is on the cloud. The money was raised from Sequoia, CyberStarts and Excel. Sierra will double the number of employees to 100 by the end of 2022.
Israeli startup Cyera was unveiled with a $ 60 million fundraiser. The company’s development enables organizations to locate and control all organizational information in the cloud – by helping them identify, secure and prevent risks arising from the decentralization of information. The recruitment round was led by Doug Leona, managing director of the Sequoia Foundation, starring Philip Butari of Axel, Lior Simon and Gili Raanan of CyberStarts and Rene Bonwani, CMO Emeritus at Palo Alto Networks. The lime investment was made by CyberStarts, with the participation of a number of angels.
More in-
Sierra, was established in early 2021 by Yotam Segev, CEO of the company, and Tamar Bar-Ilan, VP of Technology (CTO). Yotam and Tamar served together for a decade in Talpiot and 8200, where they established and led a new unit that assimilated cloud technologies into the traditional cyber world of 8200. Thus, the two were first exposed to the magnitude of the challenge of protecting sensitive information in cloud environments.
In the early stages of the company’s life, the developers met with more than 100 leading customers in the world, with whom they refined the value proposition and ensured that they solve a critical problem that many huge organizations are struggling to solve, and need an immediate solution for. Thanks to the process, as soon as the first version of the product went on the market, it already had a number of customers which made it easier for it to move from the development phase to the marketing and assimilation phase at the end customer.
The company currently has 50 employees, 40 of them in the company’s offices in Tel Aviv, and it plans to double the number of employees by the end of 2022, recruiting employees in a variety of positions, including cyber experts, software developers, product managers, product designers and more.
In recent years, the field of data has become the main growth engine of the world’s leading companies, and has created new data professions such as data scientists and data engineers.
The number of people in the organization engaged in analyzing and processing information for the purpose of achieving business value and competitive advantages, is growing rapidly. As part of this trend data is spread across countless different data platforms, most of them in the cloud, which has become the most natural and professional place to store and process data. For years organizations have worked to lock the data, today they are striving to open it up for widespread access and use. At the same time, it is important for them not to compromise on security. The time we are in is a time when privacy regulations around the world are becoming stricter and more comprehensive, forcing organizations to carefully control the information they hold and how they do so.
In the cloud age, the biggest problem for cloud security organizations and organizations is that they are unable to keep track of the sensitive information stored in their cloud environment, where it is stored and who accesses it. This problem has been greatly intensified in recent years because the availability of cloud storage space allows organizations to store amounts of information on a scale that was not possible in the past. The rate at which information grows and moves within the cloud environment, is dizzying and makes it very difficult to control and secure. The number of technologies for storing information is enormous, and security personnel cannot know each of the technologies in depth.
Sierra’s system does not (she claims) affect the performance of the running systems and in a way that automatically and consistently also covers new systems and information items that will pop up in the cloud in the future.
Yotam Segev, co-founder and CEO of Sierra: “The experience we have gained in leading an innovative cyber unit in 8200 and our active listening to the customers we have worked with so far, have given us an in-depth understanding of data management opportunities and challenges. “We saw how quickly data is repositioned, copied and multiplied in cloud environments and how existing cloud and data security processes fail to keep pace, and we decided to solve this painful problem.”
Doug Leona, Global Managing Partner at Sequoia: “Sierra brings to market an innovative approach to solving the growing problem of information security in the cloud. We believe that Sierra’s comprehensive data reality platform will create an amazing impact on cloud security, and we look forward to partnering with the world’s leading team. ”
Lior Simon, a partner at CyberStarts who invested in the company in the lime round: “What Yotam, Tamar and the team managed to build in less than a year is amazing. Their focus on customers is impressive. Sierra is a platform that does not require complex installation in an era where value is the key to success. At AWS, Azure and GCP and serves all types of customers, including many customers who have become active in multiple cloud environments. ”
Philip Butari, partner at Excel: “Cloud information security requires a new approach to address the continuing growth in information volumes, cloud decentralization and risks arising from information regulation and cyber attacks. Security administrators (CISOs) and security groups are increasingly in need of comprehensive, innovative and rapid solutions. “Sierra will lead this category. It will bring the world of data reality to cloud security through the best product in the field and a world-class team of experts, led by Yotam and Tamar.”
Comments on the article(0):
Your response has been received and will be published subject to system policies.
Thanks.
For a new response
Your response was not sent due to a communication problem, please try again.
Return to comment