Analysis
Cyera raised $600 million at a $12 billion valuation on June 2, 2026, capping an 18-month sprint that quadrupled its private mark. The Series G was led by Evolution Equity Partners with participation from Temasek, Cyberstarts, Accel, AT&T Ventures, Blackstone and Coatue. Total capital raised now tops $2 billion.
Context for the pace: Cyera went from $3B (Nov 2024) to $6B (June 2025) to $9B (Jan 2026) to $12B in just 19 months — an unprecedented cyber re-rate. The demand driver is enterprises deploying LLMs and AI agents, which requires knowing exactly which sensitive data lives where before those models can safely access it. Cyera's DSPM platform maps and classifies data across cloud and SaaS in near-real-time.
“Context for the pace: Cyera went from $3B (Nov 2024) to $6B (June 2025) to $9B (Jan 2026) to $12B in just 19 months — an unprecedented cyber re-rate.”
Competitive landscape: Cyera competes with Rubrik's DSPM add-on, Palo Alto Networks' Dig acquisition, and public categories from CrowdStrike and Sentinel. Private competitors include Sentra (raised $50M in March 2026 at ~$300M) and Concentric AI. Cyera's lead is roughly 3-4x on revenue and 10x on valuation over any pure-play private peer.
What to watch: whether Cyera announces an S-1 filing in Q4 2026 (Coatue and Blackstone often signal an IPO-ready cap table), the shape of any acquisition activity (DLP consolidation would be the obvious next move), and whether Palo Alto or CrowdStrike attempts a take-out at a premium to $12B.
