Cyera Seeks Funding at $20 Billion Valuation, The Information Reports
Talks are reportedly at an early stage, and the round comes four months after the data security startup's most recent funding.
Cyera is seeking to raise additional funding at a valuation of $20 billion, The Information reported on the 29th. The data security startup's valuation would nearly double from its current level if the investment is completed.
The negotiations are reportedly at an early stage. The talks come four months after Cyera's most recent funding round.
Cyera is a New York-based company in its fifth year that uses AI to protect corporate data from AI-driven attacks. Its products find and track sensitive data across customers' cloud storage, databases and email systems, and alert IT staff to exposure or leak risks.
The company's customers include Blue Cross Blue Shield, Paramount and Chipotle.
Quick answers
What valuation is Cyera seeking in its new funding round?
Cyera is seeking a valuation of $20 billion, according to The Information. That would nearly double its current valuation.
Is the Cyera funding round confirmed?
No. The report says negotiations are at an early stage, and the round would come four months after Cyera's most recent funding round.