Cyera eyes $12B valuation at 80x ARR multiple despite operating losses
Data security firm Cyera is reportedly raising $300 million at a $12 billion valuation, despite ongoing operating losses. The company has seen rapid growth in annual recurring revenue but faces scrutiny over its high valuation multiple and aggressive spending.
Why it matters
The deal highlights the intense investor appetite for AI-related cybersecurity startups, even those that are not yet profitable.
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.
The report balances the company's growth claims with financial realities and investor skepticism.
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