Cybersecurity Startup Cyera Eyes $12 Billion Valuation Despite Losses

Data storage security firm Cyera is finalizing a $300 million funding round that values the company at an 80x ARR multiple.

Data security startup Cyera is reportedly closing a funding round of at least $300 million led by Evolution Equity Partners. The deal is set to value the company at $12 billion, representing a massive 80 times multiple of its $150 million annual recurring revenue (ARR).

Despite high growth and surpassing the $150 million ARR milestone, Cyera remains unprofitable. The premium valuation multiple highlights intense investor demand for advanced cloud data security, even outpacing many high-flying artificial intelligence startups.

Detailed Coverage & Deep Dives

Cyera raises $300M at $12B valuation, doubling its worth in five monthshttps://siliconangle.com/2026/06/02/cyera-raises-300m-12b-valuation-doubling-worth-five-months/

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