Cyera eyes $12B valuation at 80x ARR multiple despite operating losses
Cyera is nearing a $12 billion valuation with a funding round led by Evolution Equity Partners. The company has exceeded $150 million in annual recurring revenue but is not yet profitable, spending rapidly on growth and hiring. This new funding follows a previous $400 million round and will increase Cyera's total capital raised to at least $2 billion.
- ▪Cyera is finalizing a funding round of at least $300 million at a $12 billion valuation.
- ▪The company has surpassed $150 million in annual recurring revenue but remains unprofitable.
- ▪Cyera has added 500 jobs this year as part of its growth strategy.
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| Original publisher | TechCrunch |
| Canonical URL | https://techcrunch.com/2026/06/02/cyera-eyes-12b-valuation-at-80x-arr-multiple-despite-operating-losses/ |
| Publication time | Tue, 02 Jun 2026 22:50:56 +0000 |
| Retrieval time | 2026-06-03T02:17:41.601Z |
| Last seen | 2026-06-03T02:17:41.601Z |
| Headline source | Publisher (no WeSearch rewrite) |
| Excerpt source | publisher body |
| Excerpt method | First ~120 words (~800 chars) of extracted publisher body, fair-use limited. |
| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
| Citation coverage | Summary is a WeSearch-generated derivative; primary citation is the original publisher URL. |
| Cluster | idaaPq3eHKsD |
| Cluster logic | Grouped by semantic title/content similarity across sources within a rolling window. Same-publisher template collisions are excluded from coverage comparison. |
| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
| Publisher visit | Yes — open original |
| Substitutes article? | No — link-out required for full text |
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| Indexing | May the item be indexed (stored, ranked, made findable)? | Allowed |
| Snippet | May a short excerpt of the publisher's text be shown? | Allowed |
| AI summary | May WeSearch generate its own short summary of the article? | Limited |
| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
| Model training | May the content be used to train AI models? | Not asserted |
| Commercial reuse | May the content be reused commercially? | Not permitted |
Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.
Opening excerpt (first ~120 words) tap to expand
Data storage security company Cyera is finalizing a round led by Evolution Equity Partners of at least $300 million at a $12 billion valuation, according to four people with knowledge of the deal. Calcalist was first to report the funding deal, although TechCrunch’s sources added new details about the company and its financials. Cyera has surpassed $150 million in annual recurring revenue (ARR), three people familiar with the matter told TechCrunch, though it remains far from profitable. The deal values Cyera at 80 times its ARR, a multiple that’s even higher than investors assign to many fast-growing AI startups. Sources told TechCrunch the company is spending money faster than it makes it. Some of those costs are directed at hiring sales staff.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at TechCrunch.
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