
Cyera sells data security software to large companies. Its platform scans cloud accounts, SaaS apps, and on-premises systems, finds the sensitive data inside them, and shows who and what can reach it. The category is called data security posture management (DSPM), and Cyera has since added data loss prevention, identity controls, and tools that watch what AI agents do with company data.
Cyera has raised about $2.7 billion across nine rounds since 2021, all of it equity. Three of those rounds came in 2026 alone, and the latest, an extension from Goldman Sachs in September, held the valuation flat.
The company was founded by two veterans of the Israeli army's Unit 8200, is headquartered in New York, and runs most of its research and development in Tel Aviv. Let's dive into Cyera's funding history.
Total funding raised | About $2.7 billion |
Total equity funding | About $2.7 billion, including about $100 million of secondary share sales in the Series E (no debt reported) |
Number of rounds | 9, from the 2021 seed to the 2026 Series G extension |
Latest round | $400 million Series G extension, September 22, 2026 |
Latest post-money valuation | $12 billion (June 2026, unchanged in September) |
Key investors | Sequoia Capital, Accel, Cyberstarts, Coatue, Blackstone, Evolution Equity Partners, and Goldman Sachs |
Status | Private. No IPO filing |
Founded | 2021, New York and Tel Aviv |
Cyera's funding round history
Cyera's funding falls into three stages: an early run backed by Israeli cyber specialists, a growth phase in which each round doubled the price, and a 2026 burst that brought in global asset managers. Each new round arrived about six months after the last.
Date | Round | Amount | Lead and notable investors | Post-money valuation |
2021 | Seed | About $5 million (reported) | Cyberstarts | Not disclosed |
Mar 2022 | Series A | $56 million | Sequoia Capital (lead), Accel, and Cyberstarts | Not disclosed |
Jun 2023 | Series B | $100 million | Accel (lead), Sequoia, Cyberstarts, and Redpoint Ventures | $500 million (reported) |
Apr 2024 | Series C | $300 million | Coatue (lead), Spark Capital, Georgian, AT&T Ventures, Sequoia, Accel, Redpoint, and Cyberstarts | $1.4 billion |
Nov 2024 | Series D | $300 million | Accel and Sapphire Ventures (co-leads), Sequoia, Redpoint, Coatue, and Georgian | $3 billion |
Jun 2025 | Series E | $540 million, including about $100 million secondary (reported) | Georgian, Greenoaks, and Lightspeed Venture Partners (co-leads), plus Accel, Coatue, Cyberstarts, Redpoint, Sapphire, Sequoia, and Spark | $6 billion |
Jan 2026 | Series F | $400 million | Blackstone (lead) and all existing investors | $9 billion |
Jun 2026 | Series G | $600 million | Evolution Equity Partners (lead), Temasek, Cyberstarts, Accel, AT&T Ventures, Blackstone, Coatue, and Spark | $12 billion |
Sep 2026 | Series G extension | $400 million | Growth Equity at Goldman Sachs Alternatives | $12 billion |
Seed to Series B (2021 to 2023)
Yotam Segev and Tamar Bar-Ilan started Cyera in 2021 after building the cloud security division of Unit 8200 together. Segev is chief executive and Bar-Ilan is chief technology officer. Cyberstarts, the Israeli seed fund run by Gili Raanan, wrote the first check.
The company stayed in stealth until March 2022, when it announced $60 million in total funding. Most of it came from a Series A led by Sequoia, with Accel and Cyberstarts alongside. Cyera had about 50 employees at the time and added René Bonvanie, a former chief marketing officer at Palo Alto Networks, to its board.
Accel led the Series B in June 2023, with Redpoint joining as a new backer. The pitch had shifted by then. Cyera now said its platform used large language models to classify sensitive data, and it billed itself as the data security platform for the AI era.
From unicorn to $6 billion (2024 to 2025)
Coatue led the Series C in April 2024, and Spark Capital, Georgian, and AT&T Ventures came in as new investors. Every existing backer added money. Segev told Calcalist that Cyera was making tens of millions of dollars in annual revenue and had 220 employees.
Seven months later, Accel and Sapphire Ventures co-led the Series D. Cyera had just bought Trail Security, a data loss prevention startup, for $162 million, and the new money went toward product, hiring, and more deals. Frank Slootman, the former Snowflake chief executive, joined the board in March 2025.
The Series E in June 2025 had three co-leads: Georgian, Greenoaks, and Lightspeed. Calcalist reported that part of it bought shares from early employees and founders rather than going to the company. Segev said Cyera was close to $100 million in annual revenue and planned to triple it the following year.
The 2026 rounds
Blackstone led the Series F, announced in January 2026. Calcalist first reported the deal in mid-December 2025. Cyera said it secured data for 20% of the Fortune 500 and had grown revenue 3.4 times, and every existing investor joined the round.
A month later, Cyera ran its first organized employee tender offer. It was led by Cyberstarts' $300 million Employee Liquidity Fund, with Evolution Equity Partners taking part. Calcalist reported that several hundred employees could sell shares worth tens of millions of dollars in total, at the Series F price.
Evolution Equity Partners then led the Series G in June, and Singapore's state investor Temasek joined. In September, Goldman Sachs' growth equity arm added to the round at the same price. Segev told Globes the raise was mainly about bringing Goldman on as a strategic partner, not about a need for cash.
Cyera's valuation history
Cyera's valuation has climbed with every priced round since 2023, and the step-ups have been fast. The price roughly doubled three times in 18 months, then rose by smaller amounts in 2026 before holding flat for the Goldman extension.
Date | Event | Post-money valuation | Change from prior round |
Mar 2022 | Series A | Not disclosed | n/a |
Jun 2023 | Series B | $500 million (reported) | n/a |
Apr 2024 | Series C | $1.4 billion | 2.8x in 10 months |
Nov 2024 | Series D | $3 billion | 2.1x in 7 months |
Jun 2025 | Series E | $6 billion | 2x in 7 months |
Jan 2026 | Series F | $9 billion | 1.5x in 7 months |
Feb 2026 | Employee tender offer | $9 billion | Flat |
Jun 2026 | Series G | $12 billion | 1.3x in 5 months |
Sep 2026 | Series G extension | $12 billion | Flat |
Across the whole run, the valuation rose about 24 times from the Series B to the Series G in three years. The slower step-ups in 2026 reflect a bigger business. Each new price now has to be justified against a much larger revenue base.
Cyera does not publish its annual recurring revenue (ARR), the yearly value of its subscription contracts. Calcalist and TechCrunch reported in June 2026 that ARR was about $150 million, which would put the $12 billion price at about 80 times ARR, and Cyera's spokesperson called those figures inaccurate. A month later, Calcalist put ARR at about $200 million. Running either number through a business valuation calculator shows how much future growth the price assumes.
The obvious comparison is Wiz, another cloud security company founded by Unit 8200 veterans. Wiz was also valued at $12 billion as a private company before Google agreed to pay about $32 billion for it, a deal that closed in March 2026 and shows how Wiz ended up inside Google. Cyera has now raised more than Wiz did before its sale. How Cyera's own shares are split between founders, employees, and funds is not public.
Who invested in Cyera
Cyera's cap table has three layers: Israeli and Silicon Valley venture firms that backed it before it had revenue, growth funds that led the doubling rounds, and large asset managers that arrived in 2026.
Cyberstarts and Sequoia
Cyberstarts led the seed and has joined most rounds since, including the Series G. Its founder, Gili Raanan, focuses the fund on Israeli security startups, and its Employee Liquidity Fund, launched in 2025, made Cyera its first participant.
Sequoia led the Series A and has put money into every round through the Series F. Both firms are also early backers of Oasis Security, the identity startup Cyera agreed to buy in July 2026, along with Accel. That overlap means the same funds sit on both sides of Cyera's largest deal.
Accel
Accel is the only firm to lead two Cyera rounds, the Series B and the co-led Series D. It has also backed the company since the Series A. Its repeat leads made it one of the largest outside holders, though Cyera has never disclosed stakes.
The growth leads
Coatue led the Series C and has returned for every round since. Sapphire Ventures co-led the Series D. Georgian, Greenoaks, and Lightspeed co-led the Series E, the round that included the first large sale of employee and founder shares.
Redpoint and Spark Capital have joined several rounds without leading one. All of these firms took part in the Series F, when Cyera said every inside investor had come back.
Blackstone, Evolution, and Temasek
Blackstone led the Series F through its growth funds. The announcement quoted Blackstone's own chief security officer, Adam Fletcher, on how AI is turning data into one of the fastest-growing targets for attackers.
Evolution Equity Partners, a firm that invests only in cybersecurity and enterprise software, led the Series G after joining the February tender offer. Temasek, Singapore's state investment company, came in as a new investor in the same round.
Goldman Sachs
Goldman Sachs Alternatives invested through its growth equity team in September 2026. Cyera said the money would fund new AI security products, expansion in Europe and Asia, and a push into the US federal market.
Strategic backers and board members
AT&T Ventures joined in the Series C and returned for the Series G. AT&T is also a Cyera customer, according to Calcalist, which gives the telecom company, one of the most widely held US stocks, a view into a supplier it relies on.
Slootman is the best-known board member. He took ServiceNow and Snowflake public, and he now serves as chairman at Snowflake, where his own stake ranks among the largest. Jason Clark, a former chief security officer at Netskope, joined Cyera as chief strategy officer in 2024.
Where the money goes
Cyera spends its funding on three things: buying companies, hiring, and building new products for the AI era. Its stated use of funds has barely changed since the Series D: product development, hiring, international expansion, and acquisitions.
Acquisitions
Cyera has bought six companies in less than two years, and each one added a product rather than customers. Trail Security, bought for $162 million in October 2024, brought data loss prevention. Two smaller deals followed in June 2025: Shape AI, mostly a hire of its identity team, and Otterize, which controls access between cloud workloads. Calcalist put each at tens of millions of dollars.
The 2026 deals moved toward AI agents. Ryft, bought in April, built a governed data lake for agents, and Futurum estimated its price at $100 million to $130 million. Genie Security, bought in May for about $50 million according to Ynet, protects data on employee devices.
Oasis Security is the outlier. Cyera signed a letter of intent in July 2026 to buy the identity startup for about $1 billion, and Calcalist reported that about $700 million would be paid in cash and the rest in Cyera shares. The deal, expected to close later in 2026, turns much of this year's funding into a bet that data security and identity security merge into one product.
People and expansion
Headcount is the other big cost. Cyera has grown from about 50 employees at its 2022 launch to more than 1,500 by June 2026, and PitchBook data cited by TechCrunch shows it added about 500 jobs in 2026 alone. It now operates in 18 countries.
The cash burn
Cyera makes money by selling annual subscriptions to large companies. Sacra estimates typical contracts run from the mid-six figures to low seven figures a year, and Globes reported in September 2026 that Cyera now has its first customer paying more than $10 million a year. Named customers include Paramount, Chipotle, Valvoline, and AT&T.
That revenue does not cover costs yet. TechCrunch reported in June 2026 that Cyera is far from profitable and spends money faster than it makes it. The run of large rounds, and the mix of cash and stock in its acquisitions, lets the company keep hiring and buying without slowing down to reach profit.
What's next for Cyera
Cyera's growth plan is to sell more products to the same large customers, which already span financial services, retail, media, healthcare, and telecom. It is also pushing into the US federal market and into Europe and Asia. Its product roadmap now centers on AI agents: Agent Guardian and Cyera Endpoint track what agents access, and Oasis would add control over the identities they use.
The IPO question is open. Segev told Globes the company aims to go public one day but is in no hurry, and Information Security Media Group noted that recent security listings such as SailPoint and Netskope trade below their IPO prices. An IPO would follow the path of CrowdStrike, which listed in 2019 and kept its co-founder in charge as a public company. The alternative is a sale to a larger platform, as Wiz chose.
The main risks are price and competition. At $12 billion, Cyera needs years of fast growth to grow into its valuation, while Microsoft, Varonis, BigID, and the security giants all sell overlapping tools. Its funding pace also depends on investor appetite for AI companies, which now take the largest share of venture funding. The Goldman money gives Cyera room to close Oasis and keep building before it has to choose between an IPO and a sale.
Frequently asked questions
How much funding has Cyera raised?
Cyera has raised about $2.7 billion across nine rounds since 2021. The largest were a $600 million Series G in June 2026 and a $540 million Series E in June 2025. About $100 million of the Series E went to buying shares from employees and founders, and the company has not reported any debt.
Who are Cyera's investors?
Cyera's lead investors include Cyberstarts, Sequoia Capital, Accel, Coatue, Sapphire Ventures, Georgian, Greenoaks, Lightspeed Venture Partners, Blackstone, Evolution Equity Partners, and Goldman Sachs. Other backers include Redpoint Ventures, Spark Capital, AT&T Ventures, and Temasek.
What is Cyera valued at?
Cyera was valued at $12 billion in its $600 million Series G in June 2026. Goldman Sachs invested another $400 million at the same valuation in September 2026.
Is Cyera a public company?
No. Cyera is private and has not filed for an IPO. Its shares are not traded on any stock exchange.
Who owns Cyera?
Cyera is owned by its founders, employees, and venture investors. Co-founders Yotam Segev and Tamar Bar-Ilan still run the company as chief executive and chief technology officer. The largest outside holders are likely the firms that led several rounds, such as Accel, Sequoia, and Cyberstarts, though exact stakes are not public.