Data storage security company Cyera is finalizing a round led by Evolution Equity Partners of at least $300 million at a $12 billion valuation, acc…
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 it…
The update centers on Cyera eyes $12B valuation at 80x ARR multiple despite operating losses and gives GenAI News readers a fuller view of what changed, who is involved, and what the development signals.
From an operator and builder perspective, the story connects to ai news, ai tools trends rather than standing as an isolated announcement.
Cyera has surpassed $150 million in annual recurring revenue (ARR), three people familiar with the matter told TechCrunch, though it remains far from profitable. GenAI News has rewritten this item in original language based on the reporting and materials published by TechCrunch.
What matters
- Data storage security company Cyera is finalizing a round led by Evolution Equity Partners of at least $300 million a…
- Calcalist was first to report the funding deal, although TechCrunch’s sources added new details about the company and…
- Cyera has surpassed $150 million in annual recurring revenue (ARR), three people familiar with the matter told TechCr…
Why it matters
Cyera has surpassed $150 million in annual recurring revenue (ARR), three people familiar with the matter told TechCr…
This GenAI News article was prepared in original wording using reporting and materials published by TechCrunch AI. Source reference: https://techcrunch.com/2026/06/02/cyera-eyes-12b-valuation-at-80x-arr-multiple-despite-operating-losses/.
Drafted by the GenAI News review pipeline.