Cyera, the Israel-founded, U.S.-based cybersecurity unicorn that uses artificial intelligence to build what’s known as data security posture management —

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.

Data security solutions provider Cyera Ltd. revealed today that it has acquired Israeli data loss prevention company Trail Security Ltd. for $162 million. Prior to its acquisition, Trial Security was a data loss prevention company focused on artificial intelligence-driven solutions for safeguarding sensitive data across various environments,