The Tool Desk
Outbyte PC Repair FREERepair Windows errors before they cause bigger problemsFix Now →Outbyte Driver Updater FREEScan for outdated or missing drivers - takes under a minuteDriver Scan →Cyera announced a $300 million Series C on April 9, 2024, at a company-reported valuation of $1.4 billion. Coatue led the round, which brought the data-security startup’s reported cumulative funding to $460 million. That $1.4 billion figure describes the 2024 financing—not Cyera’s latest reported valuation.
Cyera’s Series C terms
In its April 9, 2024 announcement, Cyera said it raised $300 million in Series C financing at a $1.4 billion valuation. The company reported that the round brought its cumulative funding to $460 million. These are figures reported by Cyera, not independently audited disclosures. Cyera’s Series C announcement
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Who invested
Coatue led the round. Cyera named Spark Capital, Georgian, and AT&T Ventures as new investors, and Sequoia, Accel, Redpoint, and Cyberstarts as existing investors that also participated. Cyera’s Series C announcement
What Cyera does
Cyera sells enterprise data-security software. When announcing the round, the company described an agentless platform intended to discover, classify, assess, and protect structured and unstructured data across cloud, SaaS, data-lake, and on-premises environments. Contemporaneous coverage likewise described the problem it addresses: helping organizations understand where their data is and how it moves through their networks. TechCrunch’s April 2024 report
#1 Best Overall
- POWERFUL SECURITY KEY: The Security Key C NFC is the essential physical passkey for protecting your digital life from phishing attacks. It ensures only you can access your accounts.
- WORKS WITH 1000+ ACCOUNTS: Compatible with Google, Microsoft, and Apple. A single Security Key C NFC secures 100 of your favorite accounts, including email, password managers, and more.
- FAST & CONVENIENT LOGIN: Plug in your Security Key C NFC via USB-C and tap it, or tap it against your phone (NFC) to authenticate. No batteries, no internet connection, and no extra fees required.
- TRUSTED PASSKEY TECHNOLOGY: Uses the latest passkey standards (FIDO2/WebAuthn & FIDO U2F) but does not support One-Time Passwords. For complex needs, check out the YubiKey 5 Series.
- BUILT TO LAST: Made from tough, waterproof, and crush-resistant materials. Manufactured in Sweden and programmed in the USA with the highest security standards.
Cyera was founded in 2021 by CEO Yotam Segev and CTO Tamar Bar-Ilan, according to the company’s financing announcement. Cyera’s Series C announcement
How Cyera’s reported valuation changed after 2024
The Series C valuation is a historical snapshot. Later company financing announcements reported higher valuations:
Rank #2
- Ultra-Compact FIDO2 Security Key - Plug-and-stay or carry on a keychain. This USB-A hardware security key offers portable, always-on protection for desktop and mobile use. (Item Size: 0.75 X 0.74 IN x 0.25 IN)
- USB-A Hardware Key for All Devices - Works with USB-A ports on PC, Mac, Android, and other laptop/notebook device. Enables secure, cross-platform login with FIDO2.0 passkey support.
- FIDO Certified Security Key - Meets FIDO and FIDO2 standards. Works with Google, Microsoft, GitHub, Dropbox, and more. Please check service compatibility before purchase.
- Passwordless Login with Passkey - Supports passkey login via WebAuthn and CTAP2. Enjoy password-free sign-ins where supported. Not all websites or services currently support passkeys.
- Advanced Multi-Factor Authentication - Offers 200 FIDO2 passkey slots and 50 OATH-TOTP slots. Strong, flexible 2FA/MFA support across various apps and authentication platforms.
| Announcement date | Round | Amount raised | Reported valuation | Cumulative funding reported |
|---|---|---|---|---|
| April 9, 2024 | Series C | $300 million | $1.4 billion | $460 million |
| November 20, 2024 | Series D | $300 million | $3 billion | $760 million |
| January 8, 2026 | Series F | $400 million | $9 billion | More than $1.7 billion |
| June 10, 2026 | Series G | $600 million | $12 billion | Not stated in the announcement |
All amounts and valuations in the table are company-reported in the respective financing announcements; they are not independent valuations. The latest valuation reported in the announcements cited here is $12 billion, for the June 2026 Series G. Series C, Series D, Series F, and Series G announcements
What the financing figures tell investors
A venture-round valuation is a financing milestone, not a public-market price or a guarantee of what a shareholder could receive. The reported figure is useful for understanding the terms Cyera announced for that round, but it does not establish current share value, profitability, or investment returns. The announcements establish the funding amounts and valuations Cyera reported; they do not provide independently verified product-performance or customer-outcome data.
Quick Recap
Rank #4
- FIDO2 Certified Passkey Authentication: Officially FIDO2 certified for secure, passwordless login on supported platforms. Use modern passkeys with hardware-backed protection. Please verify your intended service supports FIDO2 hardware keys before purchase.
- Precision Fingerprint Sensor: Built-in high-accuracy biometric fingerprint sensor ensures fast, convenient authentication while preventing unauthorized access. No PIN reuse, no shared secrets—only your fingerprint unlocks the key.
- Strong Hardware 2FA/MFA Security: Enhances account protection with physical-presence and biometric verification, helping defend against phishing, credential theft, and account takeovers.
- USB-C Wired Compatibility (No NFC): Designed for stable USB-C authentication on desktops and laptops, including Windows, macOS, and Linux systems. Ideal for users and enterprises that prefer wired-only security keys.
- Durable Aluminum Shield, Portable Design: Features the same precision aluminum protective shield for long-term durability. Compact, lightweight, battery-free, and network-free-built for everyday carry and professional environments.
Rank #3
- FIDO2 & Passkey Ready: Business-ready and FIDO2 L1 certified. This key is supported by major management suites and is ideal for both individual and enterprise deployment. Works seamlessly with Gmail, Facebook, GitHub, Dropbox, Coinbase, and more.
- Universal Connectivity (USB-A ): Features a built-in USB-A connector—simply unfold the key and plug it into your compatible PC or laptop for seamless authentication on the go.
- Dedicated Manager App: Use the Thetis Manager App for the initial hardware PIN setup. Setting the PIN on the device first ensures a smooth registration process. Once the PIN is configured, you can begin registering the key across your favorite FIDO2-compatible online services.
- Ultra-Durable & Portable: Featuring a rotating metal cover, this key is water, crush, and tamper-resistant. It fits easily on a keychain and requires no batteries or network connectivity.
- Check FIDO2 compatibility before purchase - Known limitations: ID Austria is not supported (requires FIDO2 Level 2). Windows Hello login only works with Windows Enterprise editions that support Entra ID, and NFC is NOT supported.
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