Funding round
Cyera Series C
Cyera, which works in AI-Powered data security platform development in New York, raised $300M in a Series C round announced on 9 Apr 2024, led by Coatue, at a $1.40B post-money valuation. 8 firms took part, 4 of them already investors. It is Cyera's third venture round on record; the one before was a Series B in Jun 2023.
$300M
Amount raised
$1.40B
Post-money valuation
8
Investors
1 lead
21%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Cyera at $1.40B after the new money. The $300M bought investors about 21% of the company. It came 10 months after Cyera's Series B. It is 13% of the $2.25B Cyera has raised in the venture rounds on record. Cyera raised again 7 months later: a Series D round of $300M in Nov 2024, at $3.00B 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 27 Jun 2023, led by Accel $100M
- Series C this round 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
Coatue led the round with 7 other firms. Sequoia Capital, Accel, Redpoint Ventures and Cyberstarts had backed Cyera before.
Lead investor
- Coatue backs 229 venture-backed companies new investor
Also in the round
- Spark Capital backs 234 venture-backed companies new investor
- backs 54 venture-backed companies new investor
- AT&T Ventures new investor
- Sequoia Capital backs 589 venture-backed companies existing investor
- Accel backs 581 venture-backed companies existing investor
- Redpoint Ventures backs 194 venture-backed companies existing investor
- backs 21 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations and working capital.
- Hiring
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
238 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 6.0 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 11 Apr 2024 | $75M | not disclosed | Brighton Park Capital |
| Tech Companies | 30 Apr 2024 | $59M | not disclosed | Lightrock |
| Tech Companies | 16 Apr 2024 | $55M | not disclosed | Alantra |
| Tech Companies | 16 Apr 2024 | $48M | not disclosed | Goldman Sachs Asset Management |
| Tech Companies | 17 Apr 2024 | $45M | not disclosed | Evolution Equity Partners |
| Tech Companies | 23 Apr 2024 | $25M | not disclosed | TVM Capital Life Science |
| Tech Companies | 22 Apr 2024 | $25M | not disclosed | TVM Capital Life Science |
| Tech Companies | 9 Apr 2024 | $20M | not disclosed | ABS Capital |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Cyera raise in its Series C round?
Cyera raised $300M in its Series C round, announced in Apr 2024.
Who led Cyera's Series C round?
Coatue led it, with Spark Capital, Georgian, AT&T Ventures, Sequoia Capital and Accel and 2 more.
What was Cyera's valuation at the Series C round?
$1.40B post-money.
How does it compare with other Series C rounds in Tech Companies?
238 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 6.0 times the median.
Did Cyera raise again after this round?
Yes: a Series D round in Nov 2024 of $300M at $3.00B post-money.