Cyera eyes $12B valuation at 80x ARR multiple despite operating losses
Data security firm Cyera is reportedly in talks to raise at least $300 million at a $12 billion valuation, a significant jump from its previous $9 billion valuation just five months ago. Despite achieving over $150 million in annual recurring revenue, the company is operating at a loss and spending heavily on sales staff and acquisitions. This new funding round, if finalized, would bring Cyera's total capital raised to over $2 billion, underscoring investor confidence in its AI-driven data protection platform. AI
IMPACT Confirms strong investor appetite for AI-adjacent cybersecurity solutions, even for companies not yet profitable.