Cyera Nears $300 Million Round at $12 Billion Valuation

Cyera is finalizing a funding round of at least $300 million led by Evolution Equity Partners at a $12 billion valuation, according to four people with knowledge of the deal. The round values the company at 80 times its annual recurring revenue. Cyera has surpassed $150 million in ARR, three people familiar with the matter told TechCrunch.

The new round would come five months after Cyera announced a $400 million Series F at a $9 billion valuation led by Blackstone. Existing investors including Accel, Coatue, Lightspeed, Redpoint, Sapphire, Sequoia, and Cyberstarts participated in that round. The upcoming round would bring Cyera's total capital raised to at least $2 billion. The company was founded in 2021.

Cyera is spending money faster than it generates revenue, sources told TechCrunch. Some of those costs are directed at hiring sales staff. According to PitchBook, the company has added 500 jobs so far this year. A Cyera spokesperson said the numbers cited are factually and significantly inaccurate. Evolution Equity Partners did not respond to a request for comment.

Cyera provides a platform that helps enterprises safeguard data from attackers using AI. When it announced its Series F, the company said its customers included one-fifth of the Fortune 500 and that its revenue had more than tripled in 2025. The company has used capital to finance operating losses and to acquire other cybersecurity startups, including Index Ventures-backed Ryft and Genie Security.