Sources: cloud security startup Cyera is planning to raise around $800M in a round led by Cyberstarts at a $20B valuation, up from $12B in June
THE SO WHAT
An $800M raise at a $20B mark for a five-year-old cloud security vendor says more about boardroom fear than SaaS multiples. If your product touches data security, expect budget to consolidate around a few perceived “platform” bets and scrutiny to rise on everyone else.
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