Cyera eyes $12B valuation at 80x ARR multiple despite operating losses
TechCrunch
Data security startup Cyera is reportedly seeking a $12 billion valuation in a new funding round despite ongoing operating losses.Summary
Cyera, a data storage security company, is finalizing a funding round led by Evolution Equity Partners that targets a $12 billion valuation. Despite reaching $150 million in annual recurring revenue (ARR), the company remains unprofitable and is currently spending heavily on rapid expansion and hiring. The proposed valuation represents a 80x ARR multiple, significantly higher than typical standards for AI-driven startups. While a company spokesperson disputed the accuracy of these financial figures, the deal would bring Cyera’s total capital raised to at least $2 billion, following a recent $400 million Series F round.
(Source：TechCrunch)