Cyera reportedly seeking $300M at $12B valuation despite operating losses

The Big Picture

Data security company Cyera is reportedly in the process of raising $300 million in funding. The company is seeking this funding at a valuation of $12 billion. This valuation is reportedly based on an 80x ARR multiple, despite the company currently operating at a loss.

Key Facts

1. 1

   Cyera is a data security company.

2. 2

   The company is reportedly seeking to raise $300 million.

3. 3

   The reported valuation for this funding round is $12 billion.

4. 4

   The valuation is reportedly based on an 80x ARR multiple.

5. 5

   Cyera is currently operating at a loss.

Why It Matters