Cyera eyes $12B valuation at 80x ARR multiple despite operating losses
Key points
- 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.
Quick Summary
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
Why It Matters
This development is important because it may impact public opinion, policy decisions, and future developments related to Cyera eyes $12B valuation at 80x ARR multiple despite operat.
Key Takeaways
- 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.
📌 Source: Marina Temkin
The BriefWire