Cybersecurity startup Cyera is closing in on a $300 million funding round led by Evolution Equity Partners, valuing the company at $12 billion despite ongoing operating losses.
The funding round reflects investor confidence in Cyera's data security platform, which helps organizations manage risks across cloud environments and SaaS applications.
The 80x annual recurring revenue (ARR) multiple represents a premium valuation typical of high-growth security companies. For context, mature software firms typically trade at 10-15x ARR, while venture-backed companies often command 30-50x multiples.
Cyera's path to profitability remains unclear given its current operating losses. The company competes in a crowded data protection market alongside established players like CrowdStrike and Palo Alto Networks, as well as specialized competitors.
Evolution Equity Partners, known for backing cybersecurity firms, joins previous investors in backing the Israeli-founded company. The capital injection will likely fund product development and sales expansion as Cyera pursues growth in enterprise security spending.
AI training data startup Micro1 secured $100 million in new funding at a $4 billion valuation, an eight-fold jump from its $500 million valuation in September 2025. Two xAI cofounders participated in the round.
Snorkel AI has tripled its valuation to $3.5 billion in a Series E funding round as demand for AI training data accelerates. The seven-year-old startup raised $350 million to expand its data-as-a-service platform.
Firecrawl, a web scraping platform for AI agents, secured $75 million in Series B funding led by Los Angeles-based Smash Capital. The round underscores growing demand for data extraction tools powering AI applications.