Latest / The Startup Exit Podcast with Fexingo: IPOs, Acquisitions, and Founder Liquidity Events
How Cyera Is Chasing a 12 Billion Valuation at 80x Revenue
In this episode of The Startup Exit Podcast, Lucas and Luna dive into the case of Cyera, the cloud data security startup that is reportedly targeting a $12 billion valuation despite still operating at a loss. They break down what an 80x multiple on annual recurring revenue really means, why private market buyers are willing to pay that price, and what it signals for the broader IPO and exit landscape in June 2026. Along the way, they discuss the widening gap between top-tier AI-adjacent startups and the rest of the market, and how founders should think about secondary sales when their company…
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