Cyera Pursues $12B Valuation at High ARR Multiple Despite Operating Losses
Data storage security firm Cyera is preparing a funding round led by Evolution Equity Partners with an estimated valuation of $12 billion, despite not being profitable. The company has surpassed $150 million in annual recurring revenue (ARR) and trades at an 80x ARR multiple, higher than many AI startups.
Topics: ARR multiple cybersecurity private equity startup valuation