Why Cyera Is Eyeing a $400M Funding Round at a $9B Valuation

More Dry Powder Will Help Cyera Compete Against Proofpoint, Rubrik in AI Agent Era Michael Novinson (MichaelNovinson) • December 17, 2025

The search for the next generational cyber company has intensified since Wiz agreed in March to get acquired by Google for $32 billion.

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With $1.9 billion in outside funding and a founding team that had run Microsoft's cloud security unit for many years, Wiz appeared poised to challenge Palo Alto Networks and CrowdStrike's market share dominance in cloud security. Even if Wiz never reached its lofty nine-figure market caps, it seemed inevitable the company would go public and notch valuations in line with Fortinet, Zscaler or Cloudflare.

But with Wiz out of the picture as an independent company, it wasn't clear who would be security's next sure thing. Until now.

Enter Cyera, who in ...