Will it be the second largest private Israeli company? Cyera on its way to a massive fundraising

The Israeli cybersecurity company Cyera is reportedly on its way to raising funds at a valuation of $20 billion, as reported last night by The Information. The fundraising comes just four months after it raised $600 million at a $12 billion valuation. If completed, Cyera will become the second largest private Israeli company after Wiz.

The Israeli cybersecurity company Cyera, based at the Landmark Tower in Tel Aviv, is reportedly on its way to raising funds at a valuation of $20 billion, as reported last night (Thursday) by The Information. The talks come just four months after the company raised $600 million at a $12 billion valuation in June, which was later expanded by an additional $400 million. If Cyera completes the fundraising at the mentioned valuation, it will become the second largest private Israeli company in terms of market value, behind only Wiz with a market value of $30 billion. Cyera was founded by Unit 8200 veterans Yotam Segev and Tamar Bar-Ilan to protect organizational data files. After the summer fundraising, Cyera acquired the Israeli company Oasis Security for approximately $1 billion in cash and stock.