Cyera
Cyera makes software that scans cloud data to find and lock down sensitive information.
On the record
Checkpoint: Renewal cycle where F500 customers choose Purview or Wiz over Cyera in head-to-head multi-cloud deals
The call
Cyera is growing fast and burning cash while betting that staying neutral across clouds outweighs Microsoft and Google folding data security into their own platforms for free.
Cyera is software that finds and protects sensitive data no matter which cloud provider a company uses (Amazon, Microsoft, Google, etc.). The company has an advantage because Microsoft, Google, and other big tech companies have conflicts of interest: Microsoft wants customers to use its own tools, and Google just bought a rival called Wiz, so they are not neutral helpers. Cyera locks in large customers through deep connections to their systems and complex workflows. However, Microsoft is now offering similar protection for free as part of its popular Office 365 bundle, Google is pushing its Wiz acquisition, and four other security companies have been bought by larger firms that bundle their own versions. The biggest question is whether Microsoft's bundled free version becomes good enough for mid-sized companies, which would squeeze Cyera's growth and pricing power.
Why
01
AI pressure: Microsoft Purview + LLM-based classification tools. Classifying data is getting cheap and automatic with LLMs, but acting on findings across clouds is still Cyera's job to keep. Could AI do the core job? Unlikely.
02
Bigger players: Microsoft (Purview bundled in E5) and Google/Wiz inside GCP. Microsoft bundles data classification free with E5 licenses; Google now owns Wiz, turning two former partners into landlords with their own product. Could a giant copy it? Probably.
03
What protects it. Cyera scans across AWS, Azure and Google Cloud at once, something Microsoft and Google's own tools are built not to do well.
What would change this call
Cyera's FedRAMP High status moves from 'in process' to authorized or stalls past 2026. Shows whether its government/regulated-sector moat is real or still just pending.
Reports of Microsoft Purview or Google/Wiz winning head-to-head F500 renewals against Cyera. Would show hyperscaler bundling is actually displacing Cyera in enterprise accounts.
Cyera announces new funding round, down round, or IPO filing within 6-12 months. Tests whether its 80x ARR valuation and growth pace can be sustained or repriced.
Reports of Microsoft Purview or Google/Wiz winning head-to-head F500 renewals against Cyera. Would show hyperscaler bundling is actually displacing Cyera in enterprise accounts.
Cyera announces new funding round, down round, or IPO filing within 6-12 months. Tests whether its 80x ARR valuation and growth pace can be sustained or repriced.
Key numbers
- $600M raised at $12B valuation
- ARR near $150M, an 80x multiple
- 5 acquisitions in 18 months
Named risks
- Unprofitable at $150M ARR while valued at 80x ARR, raising downside risk if growth slows.
- Five acquisitions in 18 months create integration and product-debt risk.
- Hyperscaler bundling (Microsoft Purview, Google/Wiz) could compress independent DSPM pricing power.
- FedRAMP High still 'In Process' as of April 2026, not yet authorized for government workloads.
- Core LLM-based data classification is becoming commoditized table-stakes technology across rivals.
Rivals, as read in July 2026
| Rival | Direction | Evidence |
|---|---|---|
| Microsoft (Purview) | contesting | Purview bundled into E5 licenses, pressuring mid-market DSPM pricing as of 2026 |
| Google Cloud (Wiz) | contesting | Wiz acquisition integrated into GCP, adding hyperscaler-native DSPM competitor in 2026 |
| Palo Alto Networks | contesting | Prisma/Cortex Cloud includes Dig Security DSPM acquired 2023, competing platform-wide |
| Securiti (Veeam) | gaining on | Rival Securiti absorbed into Veeam for $1.725B, closed Dec 11, 2025, removing an independent peer |
| CrowdStrike, Netskope, Fortinet | contesting | Each added DSPM via 2024 acquisitions (Flow Security, Dasera, Next DLP) |
Questions people ask
- Is Cyera profitable in 2026?
- No. TechCrunch reported on June 2, 2026 that Cyera remains unprofitable despite reaching an estimated $150M ARR, with the company burning cash into acquisitions, headcount, and R&D even as investors valued it at roughly 80x ARR.
- How much funding has Cyera raised?
- Cyera has raised over $2.3B across seven rounds, most recently a $600M Series G on June 10, 2026 led by Evolution Equity Partners with Cyberstarts and Temasek, valuing the company at $12B.
- Who is Cyera's biggest competitor?
- Cyera's biggest structural threats are hyperscaler-bundled offerings: Microsoft Purview (bundled into E5) and Google Cloud after its Wiz acquisition, plus Palo Alto Networks' Prisma/Cortex (via its Dig Security buy), all competing in the consolidating DSPM category as of mid-2026.
- Could AI replace Cyera's product?
- Cyera's core LLM-based data classification engine is becoming table stakes across DSPM vendors (per Sentra's 2026-06-12 comparison), but AI does not replace Cyera's deep cloud integrations, F500 workflow lock-in, or its in-process FedRAMP High regulatory cover as of April 2026.
- Who owns Cyera?
- Cyera is privately held and venture-backed, founded in 2021 by Yotam Segev, Tamar Bar-Ilan, and Yonatan Itay; no single owner or parent company exists, with major investors including Evolution Equity Partners, Blackstone, Coatue, and Sequoia as of the June 2026 Series G.
- How big is Cyera's Fortune 500 customer base?
- Cyera states that approximately one-fifth of Fortune 500 companies were customers as of its Series F round in January 2026, per TechCrunch reporting dated June 2, 2026, with its customer base having doubled in the six months before mid-2025.
Timeline
- 2026-06-10Cyera raises $600M Series G at $12B valuation led by Evolution Equity Partners
- 2026-06-09Company states 1,500+ employees across 18 countries and 5 acquisitions in 18 months
- 2026-05-04Cyera acquires Ryft, an AI-agent secure data lake startup
- 2026-04-01Cyera receives FedRAMP High 'In Process' designation, launches Cyera for Government
- 2026-03-01Cyera launches Cyera Privacy and Cyera MCP for building security agents
- 2026-01-01Series F: $400M raised led by Blackstone at $9B valuation
- 2025-12-11Veeam closes acquisition of rival Securiti for approximately $1.725B
- 2025-06-11Series E: $540M raised at $6B valuation; customer base doubled in six months
- 2024-10-01Cyera acquires Trail Security for approximately $162M for AI-powered DLP
- 2022-03-01Series A: $60M raised led by Sequoia
Revision history
21 July 2026
First assessed. Protection under test. The text above is fixed as of this date and is not edited afterwards.
In the same band
Sources
- Cyera eyes $12B valuation at 80x ARR multiple despite operating losses (2026-06-02)
- Cyera Raises $600 Million at $12 Billion Valuation (2026-06-10)
- Cyera Doubles Customer Base... (2025-06-11)
- Cyera Raises $600 Million at $12 Billion Valuation (2026-06-09)
- How Cyera Became a Data Security Leader
- Cyera Becomes One of the Top 10 Fastest-Growing Companies (2025-11-05)
- Buyer's Guide: Data Security Posture Management (DSPM) (2026-06-24)
- Cyera revenue, funding & news (2026-01-13)
- Cyera (2026-06-30)