Cyera Finalizes $300 Million Round at $12 Billion Valuation, 5 Months After $9 Billion Raise
Updated
Updated · TechCrunch · Jun 2
Cyera Finalizes $300 Million Round at $12 Billion Valuation, 5 Months After $9 Billion Raise
2 articles · Updated · TechCrunch · Jun 2
$300 million in new funding is being finalized for Cyera in a round led by Evolution Equity Partners, lifting the data security startup's valuation to $12 billion.
Cyera has surpassed $150 million in annual recurring revenue, but people familiar with the deal said it is still burning cash and spending heavily on sales expansion.
PitchBook data shows the company has added 500 jobs this year, while recent capital has also funded acquisitions including Ryft and Genie Security.
The round comes just five months after Cyera raised $400 million at a $9 billion valuation, bringing its total funding to at least $2 billion.
Founded in 2021, Cyera has ridden demand from enterprises seeking to protect data from AI-enabled attacks; the company previously said it served one-fifth of the Fortune 500.