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Goldman Sachs Alternatives puts $400m into Cyera at the $12bn price set in June
Growth Equity at Goldman Sachs Alternatives has put $400m into Cyera at the valuation the company set in June, its third large round of 2026. What that cheque funds and what a security team can switch on next month are separate questions.
The Product Desk · Product desk
What happened
- Cyera announced a $400m investment from Growth Equity at Goldman Sachs Alternatives, extending the Series G round that Evolution Equity Partners led in June.
- The company still describes itself as valued at over $12bn, the figure it set in June, so the extension goes out at the same price per share agreed three months ago.
- It is the third large round of the year: Sophie Shulman reported for Calcalist that Cyera took $400m in January and $600m in June, putting its 2026 total at $1.4bn.
- Cyera said the money funds three things: an AI security roadmap, a push into the federal market, and growth across EMEA and APAC.
- In July the company bought Oasis Security for about $1bn, adding non-human identity, meaning the credentials machines and agents use rather than the ones people log in with.
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Why it matters
- decision A buyer scoring Cyera this quarter has to treat the federal and regional lines as delivery dates, because the company lists them as uses for money it received this week.
- cost The federal push spends well before it earns: accreditation, cleared staff and waiting all cost money ahead of any agency revenue, and investors are the ones funding that gap.
- precedent Cyera is the best-capitalised company describing this hole. That makes the smaller ones describing it acquisition candidates.
A security engineer opens Cursor on a work laptop, points it at a repository with customer records in it, and approves a tool call. Cyera says its Agent Guardian and Cyera Endpoint products record that tool call and the database query behind it, not only the prompt and the response [10]. Local coding agents such as Claude Code and Cursor increasingly handle sensitive work on endpoints, according to the company [11].
The price on the new money is the one Evolution Equity Partners set in June, paid again [3][6]. Against a valuation the company describes as over $12bn, $400m works out at roughly 3% of the company [1]. Cyera was worth $3bn as recently as 2024, so the paper is up about four times in two years and flat for the last three months [3][6].
The fundraising year is narrower than the totals make it look. Roughly 70% of the more than $2bn Cyera has raised since 2021 arrived in 2026 [4][8], and the published account of this round names Paramount, Chipotle and Valvoline as customers without a revenue or retention figure [12].
The July purchase of Oasis Security cost about 71% of everything Cyera has raised this year [2]. Segev wrote at the time that non-human identities inside Fortune 500 companies had grown nearly 500% in six months, and called them the fastest-growing identity type in the enterprise; both numbers are Cyera's own [14]. For the buyer, data classification and machine-credential inventory now sit with one supplier, and swapping out either one later means opening both.
Segev said on Tuesday that the Global 2000 keeps telling his company the same thing: "They need to trust what AI agents can see and do before they can scale them" [1]. Irit Kahan, a managing director at Growth Equity at Goldman Sachs Alternatives, said securing AI will be one of the defining categories in enterprise technology over the next decade [15]. Four other companies raised money on that description this year. NewCore took $66m in June to give AI agents a corporate identity [17], SailPoint moved for Entro days later [18], Neo left stealth in July with $100m from a16z and Bessemer [19], and Comp AI raised $34m last week [20].
The sort worth doing before signing needs two columns. In one, what runs inside your own tenancy during the pilot: classification, agent logging, endpoint coverage. In the other, the three uses Cyera named for this cheque [4]. Column one you evaluate on what your own users do with it. Column two is a set of delivery dates, and dates belong in the contract with a remedy if they slip.
What to watch
- Whether the next primary round or secondary sale prices Cyera above $12bn, and which investor sets that price.
- A named US federal authorisation or agency contract appearing in Cyera's materials. That would turn the federal line from a spending plan into something delivered.
- Whether NewCore, Neo or Comp AI is acquired, and at what price relative to their last raise.