Analysis
Cyera is in advanced stages of closing a new funding round of roughly $800 million at an approximately $20 billion valuation, Calcalist reported on November 9, 2026.
That would nearly double the $12 billion mark the data-security company reached in June, with venture fund Cyberstarts preparing to invest about $300 million into the new round. The round has not been announced or confirmed by Cyera itself, and Calcalist's own framing -- "advanced stages of closing" -- signals the terms could still shift before it's final.
What's changed since Pulse's last Cyera coverage
Pulse previously covered Cyera's $20 billion valuation when it first surfaced as being "in talks" on October 30. What's new now is a specific number for Cyberstarts' expected commitment -- about $300 million, unusually large for a fund that typically backs companies at the earliest stages -- and a report that frames the round as closer to done than merely under discussion.
“Pulse previously covered Cyera's $20 billion valuation when it first surfaced as being "in talks" on October 30.”
Cyera's funding history
Cyera, founded in 2021 by CEO Yotam Segev, CTO Tamar Bar-Ilan and Yonatan Itai, has raised several rounds in 2026 alone:
- January 2026 -- $400 million at a $9 billion valuation.
- June 10, 2026 -- $600 million, led by Evolution Equity Partners, at a $12 billion valuation, with Cyberstarts and Temasek participating alongside existing investors Accel, AT&T Ventures, Blackstone, Coatue and Spark Capital.
- September 2026 -- a further $400 million from Goldman Sachs Alternatives, extending the June round and pushing 2026 funding to $1.4 billion and cumulative funding past $2 billion.
The reported new round, if it closes near $800 million and $20 billion, would mark a fourth distinct funding event in under twelve months.
Who's investing in Cyera
Cyberstarts is the only investor named in reporting on the new round so far, with its roughly $300 million commitment described by Calcalist as unusual for a fund whose typical check sizes back far earlier-stage companies. Evolution Equity Partners led the June round; Calcalist reports additional investors are expected to join the new round but does not name them.
Data-security market and competitors
Cyera's platform scans cloud storage, databases and enterprise systems to classify sensitive data and has expanded into monitoring the databases AI agents query -- a wedge shared by rivals like Wiz and Varonis, both competing for the same enterprise data-security budgets as AI adoption raises new data-exposure risk. Cyera's estimated $300 million annual recurring revenue would put the reported $20 billion valuation at roughly 67 times current revenue, a multiple that reflects investor enthusiasm for the category as much as Cyera's own growth rate, which Calcalist does not disclose.
Why Calcalist's framing matters
Because the round is reportedly still closing, the final size, valuation and full investor list could change before Cyera or its backers confirm anything publicly -- Calcalist's sourcing, while specific on the Cyberstarts figure, is attributed to unnamed people familiar with the talks rather than confirmed by Cyera or Cyberstarts themselves.