cloud data security startup Cyera is reportedly finalizing a new funding round of at least $300 million, led by Evolution Equity Partners. According to four indiViduals familiar with the transACTion, this latest Investment would value the company at $12 billion. While Calcalist was the first to report the deal, TechCrunch sources have since provided additional detAIls regarding the company's financials and Operations.
Despite remaining far from profitability, Cyera has surpassed $150 million in annual recurring revenue (ARR). The impending billion valuation translates to an 80x ARR multiple—a premium ratio that exceeds the multiples assigned to many rapidly growing AI Startups. However, sources indicate that the company is currently spending money faster than it generates revenue. A significant portion of these expenses is directed toward aggressive hiring; according to PitchBook, Cyera has added APProximately 500 jobs so far this year, largely focused on sales personnel. Furthermore, the company has recently utilized its capital to finance operating losses and fund the acquisitions of other cybersecurity startups, including Index Ventures-backed Ryft and the less-than-one-year-old Genie SECurity.
In response to the reported financial figures, a spokesperson for Cyera stated that "the numbers cited are factually and significantly inaccurate." Evolution Equity Partners did not respond to requests for comment.
This anticipated funding round comes just five months after Cyera announced the completion of a $400 million Series F round at a $9 billion Valuation. That round was led by Blackstone and included participation from existing investors such as Accel, Coatue, Lightspeed, Redpoint, Sapphire, Sequoia, and Cyberstarts. If the upcoming $300 million round closes as expected, Cyera’s total capital raised will reach at least $2 billion.
Founded in 2021, Cyera has capitalized on the growing demand for enterprise data protection as attackers increASIngly weaponize Artificial Intelligence. When the company announced its Series F, it revealed that its CLIent base already comprises one-fifth of the Fortune 500 and that its revenue had more than tripled throughout 2025.
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