Cyera, a data storage security company, is reportedly finalizing a $300M funding round at a $12B valuation, representing an 80x ARR multiple despite operating losses. The company has surpassed $150M in ARR but is burning cash rapidly, with significant spending on sales hiring. This comes just five months after their previous $400M Series F round at a $9B valuation.
Background
Cyera is a data security startup founded in 2021 that helps enterprises protect their data from AI-powered cyber threats. The company has seen rapid growth, with customers including 20% of Fortune 500 companies.
- Source
- TechCrunch
- Published
- Jun 3, 2026 at 06:50 AM
- Score
- 6.0 / 10