-22%

est. 2Y upside i

CybersecuritySeries D+

Rank

#3358

Sector

Cybersecurity

Est. Liquidity

~2Y

Data Quality

Data: Medium

Cyera offers high-risk equity with negative expected upside (-22%) given the $12B entry valuation and 80x multiple.

Last updated: July 3, 2026

Bull (25%)+66%

IPO window opens, multiple expands to 25x, exit value $19.9B. Revenue reaches $797M, driven by category leadership in AI-native data security.

Base (30%)-0%

Multiple converges to 15x, exit value $11.96B, roughly flat to entry. Revenue growth remains strong but multiple compression offsets.

Bear (45%)-86%

Multiple compresses to 5x, exit value $3.99B. After $2.3B preference, common recovers only $1.69B, an 86% loss. Incumbent competition pressures growth.

Est. time to liquidity~2.0 years

Preference Stack Risk

high

Funding Intensity

1920%

Total funding of $2.3B represents 19.2% of the $12B valuation, creating a high preference overhang that could reduce common returns in a down round.

Dilution Risk

low

Recent $600M Series G provides ample runway; no further dilution expected within 2 years as company prepares for IPO.

Secondary Liquidity

limited

An employee tender offer in Feb 2026 at $9B valuation indicates some secondary market activity, but volumes are limited.

View all 20 open roles at Cyera →

Last updated: July 3, 2026

Questions to Ask at the Interview

Strategic questions based on Cyera's data — designed to show you've done your homework.

  • 1

    “How does Cyera's AI-native classification engine differ from competitors like Varonis or Microsoft Purview?”

  • 2

    “What is your plan to maintain 200%+ growth while scaling to $1B+ ARR?”

  • 3

    “What is the expected timeline to IPO and how does the recent $9B tender reflect on internal valuation?”

Community

Valuation Sentiment

Our model estimates -22% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.