Cyber Startup Cyera in Talks for Funding Round at $20B Valuation

Israeli cybersecurity startup Cyera is holding talks for a new funding round at a company valuation of approximately $20 billion, financial daily Globes and tech news site CTech reported, citing The Information.

The planned fundraising comes just months after an earlier funding round by the company, which is considered one of Israel's prominent unicorns. In that round, the firm raised about $600 million at a valuation of $12 billion, an amount later expanded by an additional $400 million.

Further details regarding the identities of participating investors and the expected timeline for closing the round have not yet been released.