ISRAEL - Cybersecurity Companies Join Forces
Cyera said that it will pay $162 million in cash and its shares for Trail Security. Cyera was founded three years ago and has raised nearly $500 million to date. The company’s valuation in its most recent financing round, which was completed earlier this year, was $1.4 billion.
Cyera, founded by Yotam Segev and Tamar Bar-Ilan, is considered a leading Israeli player in database protection for large organizations Data Security Posture Management (DSPM).
Cyera cofounder and CEO Yotam Segev said, “The acquisition of Trail is a pivotal step in Cyera’s journey to reshape the future of data security. Cyera is determined to consolidate the siloed data security space and enable enterprises to navigate the growing data security challenges around AI and cloud.”
“Together, by combining our DLP with their leading DSPM platform, we’re delivering a solution that both identifies and protects against data risks in real-time, setting a new standard for data security in an AI-driven world,” said Trail cofounder and CEO Zohar Vittenberg.
-en.globes.co.il, 17 October 2024
Arno's Commentary
Most of us know little to nothing about cybersecurity, but quite apparently, according to this abbreviated report, big money is involved.
In the meantime, artificial intelligence (AI) is becoming another giant issue, which begs the question: who can protect and “navigate the growing data security challenges”?
The Bible speaks of the future, but does not give us details about technology. How, for example, Revelation 18:3 will be fulfilled remains an enigma: “For all nations have drunk of the wine of the wrath of her fornication, and the kings of the earth have committed fornication with her, and the merchants of the earth are waxed rich through the abundance of her delicacies.”
What we do know is the end thereof: “For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off” (verse 17).
Arno Froese is the executive director of Midnight Call Ministries and editor-in-chief of the acclaimed prophetic magazines Midnight Call and News From Israel. He has authored a number of well-received books, and has sponsored many prophecy conferences in the U.S., Canada, and Israel. His extensive travels have contributed to his keen insight into Bible prophecy, as he sees it from an international perspective.
