Cyera Secures $300 Million Funding Round at $12 Billion Valuation
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Tech storage security company Cyera is securing a significant funding round of at least $300 million at a valuation of $12 billion, according to sources. The deal values the company at 80 times its annual recurring revenue (ARR), which has surpassed $150 million, despite ongoing operating losses and rapid hiring. Sources indicate that Cyera is spending faster than it earns, with recent additions of 500 jobs this year.
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- TechCrunch lean-left · tech — Cyera secures a funding round led by Evolution Equity Partners for at least $300 million at a valuation of $12 billion.