Cyera eyes $12B valuation at 80x ARR multiple despite operating losses Data storage security company Cyera is reportedly nearing a funding round of at least $300 million, valuing the company at $12 billion. The company has surpassed $150 million in annual recurring revenue but remains unprofitable, spending more than it earns to fund operations and acquisitions. This follows a $400 million Series F raise just five months prior.

• Cyera is finalizing a funding round of at least $300 million at a $12 billion valuation.
• The company has surpassed $150 million in annual recurring revenue (ARR).
• Cyera is reportedly spending money faster than it makes it, hiring sales staff and acquiring other cybersecurity startups.
• The upcoming round follows a $400 million Series F raise five months ago.
• Cyera has benefited from enterprises seeking to safeguard data from AI-powered attacks. Continue reading https://techcrunch.com/2026/06/02/cyera-eyes-12b-valuation-at-80x-arr-multiple-despite-operating-losses/