Economy
Report: Cyera in funding talks at a $20 billion valuation
Israeli data security company Cyera is reportedly discussing a funding round at a $20 billion valuation, following an earlier round at $12 billion. The proposed valuation is not the amount to be raised. The new investment amount and final terms have not been disclosed, and completion has not been confirmed. Founders' photograph: Menash Cohen.
· Source: Globes, citing The Information. Cyera founders photographed by Menash Cohen.
Globes reported today, citing The Information, that Israeli data security company Cyera is in talks to raise capital at a $20 billion valuation. The amount to be raised has not been disclosed.
The talks come months after a funding round at a $12 billion valuation. According to Globes, the company raised $600 million in June and subsequently expanded that round by another $400 million. The new valuation is being discussed; it does not represent an investment already transferred.
Cyera was founded by Yotam Segev and Tamar Bar-Ilan and protects enterprise data. The report reviewed did not disclose the new round's size or final terms or confirm completion. It therefore does not constitute an announcement of a signed deal or completed financing.
Source: Globes
