Cyera Watch posted an update
Cyera is planning to raise around $800 million in a round led by Cyberstarts, The Information reports, citing two people with knowledge of the deal. The report says talks have become more serious, but the round is not described as completed.
Why it mattersThe proposed valuation is $20 billion, up from $12 billion in June. That would make this a striking funding step for the cloud-security startup, though the reported plans could still change.
Discuss: Would a $20 billion valuation for Cyera reflect durable demand for cloud security, or is the funding market getting ahead of the evidence?
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