Cyera Raises $600M at $12B Valuation in Series G, Led by Evolution Equity Partners

What's the deal? Israeli data security company Cyera has raised $600 million at a $12 billion valuation, bringing its total capital raised to more than $2.3 billion. Evolution Equity PartnersDealroom has a profile for this one. Try Dealroom → — a prominent cybersecurity investor with prior bets on Island, Torq, and Armis — led the round. Other participants include GeorgianDealroom has a profile for this one. Try Dealroom →, Greenoaks, Lightspeed Venture Partners, Sequoia Capital, Sapphire Ventures, Redpoint Ventures, Cyberstarts, Coatue, Accel, and Spark Capital.

The valuation places Cyera among the most valuable Israeli startups, behind Vast Data ($30 billion) and ahead of DriveNets ($8.5 billion).

Why now? Cyera's trajectory has been steep. In January 2026, it raised $400 million at a $9 billion valuation — itself a tripling from its $3 billion valuation in 2024. The company operates an AI-based platform that helps organisations discover, classify, and protect sensitive data across cloud environments — a market that's expanding fast as enterprises grapple with data sprawl and regulatory pressure.

Cyera has also been on an acquisition spree. In May 2026 it bought Israeli startup Genie SecurityDealroom has a profile for this one. Try Dealroom → for an estimated $50 million. In April 2026, it acquired RyftDealroom has a profile for this one. Try Dealroom → — a 15-person startup founded in 2024 — for roughly $100 million. Earlier deals include Trail SecurityDealroom has a profile for this one. Try Dealroom → ($162 million), Otterize, and Shape AI.

What could go wrong? Raising at a $12 billion valuation just five months after a $9 billion round sets high expectations. The company, founded in 2021 by Yotam SegevDealroom has a profile for this one. Try Dealroom → (chief executive officer) and Tamar Bar-IlanDealroom has a profile for this one. Try Dealroom → (chief technology officer), will need to show revenue growth that justifies the price tag. Rapid-fire acquisitions also carry integration risk — five deals in quick succession can strain even well-funded organisations.

The signal: Cyera's leap from $3 billion to $12 billion in roughly a year — while still at the "late growth" stage, per Dealroom — illustrates how aggressively capital is chasing the data-security layer that underpins enterprise AI adoption. Evolution Equity Partners, a fund built almost entirely around cybersecurity bets, leading the round reinforces that specialist investors see data discovery and classification as a durable, standalone category rather than a feature that incumbents will simply absorb.

Read more: Calcalist