Data Security Provider Cyral Closes $26 Million in New Financing

Aitechpark17 May, 2021Technology

Recognizing a significant opportunity in data security, existing investors double-down on company?s unique approach to securing the modern data cloud 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?.