Cyera, a data security platform, is raising approximately $300 million in new funding that values the company at $12 billion. Evolution Equity Partners leads the round, which comes as the Israeli startup nears an 80x ARR multiple despite operating losses.
The valuation reflects investor appetite for data-focused security solutions. Cyera's platform helps enterprises discover, classify, and protect sensitive data across cloud and on-premises environments. The company targets organizations struggling to manage data sprawl across increasingly complex infrastructure.
At an 80x ARR multiple, Cyera trades at a steep premium relative to traditional enterprise software benchmarks, which typically hover around 8-12x revenue for profitable companies. The company's losses suggest it remains in heavy growth mode, prioritizing customer acquisition and product development over profitability. This valuation also reflects broader trends in cybersecurity, where investors reward companies solving category-defining problems.
Evolution Equity Partners, a growth equity firm focused on software and infrastructure investments, brings experience scaling portfolio companies through rapid expansion phases. The firm has backed other enterprise infrastructure plays, positioning it to support Cyera's go-to-market acceleration.
Cyera competes directly with Informatica, Collibra, and emerging data governance startups. The competitive landscape has intensified as enterprises recognize data security as foundational to compliance and operational resilience. Ransomware attacks targeting unprotected data stores have accelerated demand for comprehensive data visibility and protection tools.
The $300 million injection funds expansion across sales, engineering, and international markets. Cyera previously raised funding from investors including Sequoia Capital and Greylock Partners, validating its market thesis early on.
At $12 billion, Cyera joins a cohort of privately-held cybersecurity unicorns that have yet to exit. Companies like Wiz and Snyk occupy similar