New Cyera Funding Round Doubles Valuation To $6 Billion: Reports

The fast-growing data security startup has reportedly raised the new funding weeks after hiring a new channel chief to accelerate its work with partners.

Fast-growing data security startup Cyera has reportedly raised a massive new funding round and doubled its valuation to $6 billion, as the company looks to accelerate its work with channel partners.

Following a report by Calcalist about the $6 billion valuation Sunday, Bloomberg reported the same figure and added that the size of the funding round totals $500 million. Bloomberg also pinpointed Lightspeed Venture Partners, Greenoaks and Georgian as the lead investors on the reported deal.

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CRN has reached out to Cyera for comment.

In November 2024, Cyera had announced raising $300 million in new funding at a valuation of $3 billion, which was the startup’s second fundraise of that amount during the year.

A top player in the red-hot space of data security posture management (DSPM), Cyera has expanded to offer data loss prevention (DLP) — and recently debuted its Omni DLP offering that provides unified, adaptive data security across all environments and tools.

The reported fundraise comes weeks after Cyera announced it has hired an industry veteran, Dave Rogers, as channel chief in a signal that it’s serious about expanding its efforts with partners.

Rogers, who had most recently been at Palo Alto Networks, said in an interview with CRN in late April that he’s coming aboard at Cyera to help partners capture the massive opportunities around enabling AI adoption for their customers.

“There’s no limit to the amount of opportunity for partners when they’re ingrained in the customer’s most important project,” Rogers said.

Cyera co-founder and CEO Yotam Segev told CRN in April that bringing aboard Rogers is major validation for the partner opportunities ahead. “I think that he will position us in a much stronger way within the channel community for the next phase of growth,” Segev said.

Founded in 2021, the reported $500 million in new funding would bring the company to a total of more than $1.2 billion raised to date.