Cyera is in talks to raise about $800 million at a $20 billion valuation, with Cyberstarts leading, according to Dealroom’s account of a November 5 report by The Information. The proposed round comes less than two months after a $400 million extension of its Series G.
Cyera announced that extension from Goldman Sachs Alternatives on September 22. It followed a $600 million June round led by Evolution Equity Partners at a $12 billion valuation, with Cyberstarts also participating. The June round and September extension totaled $1 billion.
Cyera helps corporate security teams locate sensitive records and check whether people or software can reach them. Its coverage spans cloud storage, databases and email; the company lists Paramount, Chipotle and Valvoline among its users.
The company broadened that work with its $1 billion acquisition of Oasis Security, completed September 3. Oasis brought software that controls which systems AI agents and other automated workloads can access, in what circumstances and for how long, according to Cyera’s announcement. The acquired platform operates as Cyera Identity.