Cyera seeks $12B valuation despite operating losses
Original: Cyera eyes $12B valuation at 80x ARR multiple despite operating losses
Why This Matters
High valuation multiple highlights investor appetite for cybersecurity amid AI threats
Data storage security company Cyera is finalizing a $300 million funding round led by Evolution Equity Partners at a $12 billion valuation. The company has surpassed $150 million ARR but remains unprofitable, representing an 80x ARR multiple.
Cyera is completing a funding round of at least $300 million at a $12 billion valuation, representing an 80x ARR multiple despite operating losses. The company has exceeded $150 million in annual recurring revenue but continues spending more than it earns, particularly on sales hiring with 500 new jobs added this year. This follows a $400 million Series F round just five months ago at a $9 billion valuation led by Blackstone. Founded in 2021, Cyera serves one-fifth of Fortune 500 companies with data security solutions against AI-weaponized attacks. The company has used capital to finance losses and acquire cybersecurity startups including Ryft and Genie Security.