AI security unicorn Cyera acquires Israeli startup Ryft for $100-$130 million; 2024-founded company raised only $8 million, delivers massive investor returns with automated data governance tools for AI environments.

AI security unicorn Cyera acquires two-year-old startup Ryft in $100-$130 million deal

Ryft, founded in 2024, raised $8 million before the deal and has built tools for automated data access and governance in AI environments.Data security company Cyera announced on Thursday the acquisition of Israeli startup Ryft, which enables organizations to manage their data in an automated and secure manner to support the adoption of AI systems and autonomous agents. The companies did not disclose the purchase price, but it is estimated to be between $100 million and $130 million. The acquired...