Cyera set for $800 million raise at $20 billion valuation, including $300 million from Cyberstarts
The funding round would nearly double the Israeli cybersecurity company's previous $12 billion valuation. The investment marks an unusual move for Cyberstarts, which typically focuses on backing startups at the earliest stages of their development.
Cyberstarts, the Israeli venture capital fund, is preparing to invest approximately $300 million in cybersecurity unicorn Cyera, Calcalist has learned. The investment is part of a funding round expected to total roughly $800 million and value the company at approximately $20 billion, nearly double its previous valuation of $12 billion.
The round, which is in the advanced stages of closing, is expected to include additional investors. If completed on the reported terms, it would mark an unusual move for Cyberstarts, a fund known primarily for backing cybersecurity companies at the earliest stages of their development. Its willingness to commit such a substantial sum to a company that has already reached a multibillion-dollar valuation reflects the strength of its relationship with Cyera's founders and its confidence in the company's prospects.
The proposed investment follows a remarkable fundraising run for Cyera. In June 2026, the company raised $600 million at a $12 billion valuation in a round led by Evolution Equity Partners, with Cyberstarts among the participating investors. Three months later, Goldman Sachs Alternatives invested a further $400 million in an extension of the same round, bringing Cyera's total funding for 2026 to $1.4 billion and its cumulative fundraising to more than $2 billion. The September investment did not establish a new valuation, with Cyera then saying it was worth more than $12 billion.
The latest round would take the company's valuation to approximately $20 billion. Its annual recurring revenue is estimated to have reached around $300 million, reflecting growing demand for technology that helps organizations secure sensitive data as they adopt artificial intelligence.
Founded in 2018 by Gili Raanan, Cyberstarts has built its reputation on identifying cybersecurity entrepreneurs at the earliest stages, often before they have developed a product. The fund pairs its investments with an advisory network of chief information security officers, helping young companies understand the needs of potential customers and develop products for the enterprise market.
Its portfolio includes some of the most prominent names in Israeli cybersecurity, including Wiz, Fireblocks, Island and Cyera. The firm has also backed companies such as Axis Security, Avalor, Bionic, Dazz and Noname, several of which have since been acquired. In September 2025, Cyberstarts said it managed more than $1.4 billion across seven funds. Its general partners include Raanan, Lior Simon, Hila Zigman and Dor Knafo.
Cyera was founded in 2021 by CEO Yotam Segev, CTO Tamar Bar-Ilan and Yonatan Itai, graduates of the Talpiot program and veterans of Unit 8200. The company initially focused on helping large organizations identify sensitive information, understand where it is stored and control who can access it.
Its platform scans cloud storage, databases and enterprise systems to locate and classify sensitive data, monitor how it is used and identify potential exposure. As companies have begun connecting AI systems and autonomous agents to corporate information, Cyera has expanded its technology to address the security risks created by those systems.
The company's products are designed to monitor AI agents, including the tools they use and the databases they query. The broader aim is to give organizations visibility into what their AI systems can access and do, and to prevent them from exposing sensitive information or operating beyond their authorized permissions.
The relationship between Cyberstarts and Cyera dates back to the company's earliest days. Cyberstarts wrote Cyera's first seed check in 2021, investing $4.2 million at a valuation of $15 million. The fund has participated in subsequent financing rounds, including the $600 million round in June 2026.
Cyera has also become one of the most active acquirers in Israeli cybersecurity. Since 2024, it has completed six acquisitions, with the combined value of the transactions estimated at approximately $1.35 billion. The deals have helped the company move beyond its original focus on data security and assemble a broader platform spanning data loss prevention, identity management and the protection of AI systems and agents.
The first major acquisition was Trail Security, which Cyera bought for $162 million in October 2024. Trail had developed technology for data loss prevention, allowing organizations to identify and prevent the unauthorized transfer of sensitive information.
In June 2025, Cyera acquired Shape AI and Otterize. Otterize developed technology for securing non-human identities and managing permissions between services in cloud environments. The financial terms of the two acquisitions were not disclosed, although their combined value was estimated to be in the tens of millions of dollars.
In April 2026, Cyera acquired Ryft, a startup founded in 2024 that developed infrastructure for securely managing data used by AI systems and autonomous agents. The transaction was valued at between $100 million and $130 million.
The following month, Cyera acquired Genie Security, a startup that was just five months old and had five employees. Genie developed technology designed to prevent data leaks from employee devices and endpoints. The deal was valued at approximately $50 million.
The largest transaction was the acquisition of Oasis Security, which Cyera agreed to buy in July and completed in September 2026. The deal was valued at approximately $1 billion. Oasis developed technology for managing and securing non-human identities, including service accounts and AI agents. According to reports, approximately $700 million of the consideration was paid in cash, with the remainder in Cyera shares.
The acquisition brought identity management into the heart of Cyera's platform, linking information about where sensitive corporate data is stored with controls over which people, machines and AI agents can access it. Including Oasis, the six acquisitions have a combined estimated value of approximately $1.35 billion.
