tech
Cyera eyes $12B valuation at 80x ARR multiple despite operating losses
The cybersecurity company is nearing a $300 million round led by Evolution Equity Partners.
TL;DR
- Cyera is finalizing a funding round of at least $300 million at a $12 billion valuation.
- The company has surpassed $150 million in annual recurring revenue (ARR).
- Cyera is reportedly spending money faster than it makes it, hiring sales staff and acquiring other cybersecurity startups.
- The upcoming round follows a $400 million Series F raise five months ago.
- Cyera has benefited from enterprises seeking to safeguard data from AI-powered attacks.