CYERA ACQUIRES ISRAELI AI GOVERNANCE STARTUP RYFT

Ryft, founded in 2024, raised $8 million in funding before the acquisition. The startup has developed tools designed to automate data access controls and governance processes within AI environments, addressing a growing need as enterprises scale artificial intelligence deployments. The acquisition signals Cyera's expansion into data governance automation for AI systems. As organizations accelerate AI adoption, managing data access and compliance has become increasingly critical. Ryft's technology targets enterprises deploying AI at scale, where managing data access permissions and governance across multiple systems becomes complex. The deal underscores investor interest in infrastructure solutions that help enterprises safely and efficiently manage data in AI contexts. Cyera, which focuses on data security and governance platforms, strengthens its portfolio with Ryft's automated governance capabilities. The transaction is expected to close, though specific terms beyond the valuation range remain undisclosed.