Cyera leveraged AI to acquire Data Security Startup Trail for $162M, enhancing capabilities in DLP and DSPM, with a focus on AI-powered real-time data protection in motion and at rest. The acquisition combined their strengths in data security and AI, catering to customer demand for unified data security solutions. The purchase aimed to create a more comprehensive, AI-driven approach to building data security programs, positioning Cyera and Trail as stronger competitors in the market
Cyera plans organic expansion into identity management, with further M&A strategies to dominate the data security market and meet evolving customer needs. https://www.bankinfosecurity.com/ai-powers-cyeras-162m-buy-data-security-startup-trail-a-26543