Cyera acquires Trail Security for $162M; Cyera is now raising at a $3B valuation

Cyera, an Israel-founded U.S.-based DSPM company, is acquiring stealth-mode DLP startup Trail Security for $162 million (cash and shares) and is reportedly raising at least $200 million at a ~$3 billion pre-money valuation to expand its platform. The deal brings Trail’s 40 employees into Cyera and reflects buyer preference for consolidated security platforms that integrate DSPM and DLP. Backed by notable investors and customers across healthcare, communications, and financial services, Cyera plans to enhance its AI-driven capabilities and pursue further acquisitions to meet growing customer demands.