Funding round
Cyera Series B
Cyera, which works in AI-Powered data security platform development in New York, raised $100M in a Series B round announced on 27 Jun 2023, led by Accel. 4 firms took part, 3 of them already investors. It is Cyera's second venture round on record; the one before was a Seed in Mar 2022.
$100M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Cyera did not disclose a valuation in this round. It came 15 months after Cyera's Seed. It is 4.5% of the $2.25B Cyera has raised in the venture rounds on record. Cyera raised again 10 months later: a Series C round of $300M in Apr 2024, at $1.40B post-money.
Cyera's funding rounds
Cyera has 7 venture rounds on record. This one is highlighted.
- Seed 29 Mar 2022 $5.0M
- Series B this round 27 Jun 2023, led by Accel $100M
- Series C 9 Apr 2024, led by Coatue $300M$1.40B post-money
- Series D 20 Nov 2024, led by Accel and Sapphire Ventures $300M$3.00B post-money
- Series E 11 Jun 2025, led by Georgian, Greenoaks and Lightspeed Venture Partners $540M$6.00B post-money
- Series F 8 Jan 2026, led by Blackstone $400M$9.00B post-money
- Series G 10 Jun 2026, led by Evolution Equity Partners $600M$12.00B post-money
Investors
Who put money in
Accel led the round with 3 other firms. Accel, Sequoia Capital and Cyberstarts had backed Cyera before.
Lead investor
- Accel backs 581 venture-backed companies existing investor
Also in the round
- Sequoia Capital backs 589 venture-backed companies existing investor
- backs 21 venture-backed companies existing investor
- Redpoint Ventures backs 194 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing and scaling operations.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
606 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $26M, and this round was 3.8 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 7 Jun 2023 | $60M | not disclosed | Goldman Sachs |
| Tech Companies | 22 Jun 2023 | $58M | $450M | Goldman Sachs Asset Management |
| Tech Companies | 8 Jun 2023 | $51M | $325M | Bessemer Venture Partners |
| Tech Companies | 27 Jun 2023 | $50M | $294M | Sequoia Capital |
| Tech Companies | 20 Jun 2023 | $38M | not disclosed | Scale Venture Partners |
| Tech Companies | 26 Jun 2023 | $33M | not disclosed | SC Ventures |
| Tech Companies | 12 Jun 2023 | $32M | not disclosed | Innovius and Threshold |
| Tech Companies | 21 Jun 2023 | $32M | not disclosed | DNX Ventures |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Cyera raise in its Series B round?
Cyera raised $100M in its Series B round, announced in Jun 2023.
Who led Cyera's Series B round?
Accel led it, with Sequoia Capital, Cyberstarts and Redpoint Ventures.
What was Cyera's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
606 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $26M, and this round was 3.8 times the median.
Did Cyera raise again after this round?
Yes: a Series C round in Apr 2024 of $300M at $1.40B post-money.