Cyera has agreed to acquire Ryft, an Israeli startup building automated data access and governance tools for enterprise AI deployment, in a deal valued between $100 million and $130 million. Ryft, founded in 2024, raised $8 million before the acquisition and has built infrastructure for managing data workflows in AI environments.

The timing is not coincidental. As enterprises move to deploy large language models across their data estates, they discover a cascading governance problem: models require access to sensitive data, but access without guardrails creates compliance risk and litigation exposure. Data governance software becomes a regulatory tax on AI adoption. Whoever builds the most efficient tax collection apparatus will own the market.