Blackstone leads a $400 million investment in Israeli startup Cyera, valuing it at $9 billion. Cyera, founded in 2021, offers an AI-powered data security platform. Existing investors will join the funding round. Cyera raised $540 million in June, doubling its valuation to $6 billion. The rapid growth of AI has increased demand for Cyera’s services, with a 353% growth in Fortune 500 companies in the past 18 months. The company has expanded to 10 countries and grown to nearly 800 employees globally.

Read more at Yahoo Finance: Blackstone leads investment in data-security firm Cyera at $9 billion valuation, WSJ reports