Cyera employees to sell tens of millions in shares at $9 billion valuation
The cyber unicorn is the first Cyberstarts portfolio company to adopt the VC's $300M program aimed at retention and long-term incentives.
Employees of cybersecurity unicorn Cyera, recently valued at $9 billion, will sell shares worth tens of millions of dollars through the Cyberstarts Liquidity Fund. The company announced on Wednesday an Employee Tender Offer led by the fund, with participation from Evolution Equity Partners. Cyera reached its $9 billion valuation in a funding round totaling $400 million last month. According to estimates, employees are expected to sell shares worth at least tens of millions of dollars. Cyera currently employs around 1,100 people, several hundred of whom are eligible to participate.
Cyera is the first Cyberstarts portfolio company to join the fund’s program, which is intended to become a recurring annual track. The initiative will provide employees with organized and uniform access to liquidity opportunities as part of the company’s commitment to long-term retention.
The program enables eligible employees to sell a portion of their vested shares, granting them financial liquidity without requiring them to forgo continued participation in the company’s growth journey.
“The most important thing for us at Cyera is our team,” said Yotam Segev, co-founder and CEO. “Great technology companies are built over years by people deeply committed to the mission. This program is designed to recognize our employees, invest in their long-term success, and allow them to benefit from what we are building, while continuing to grow a strong and stable company in a critical field.”
The Cyberstarts Employee Liquidity Fund, established by Gili Raanan with a total of $300 million, is designed to support key talent across the fund’s cybersecurity portfolio and enable employees to share in their companies’ success without needing to leave.
“At Cyberstarts, we believe strong companies are built by talented people who receive support and motivation throughout the journey, from the moment an idea is conceived to its execution,” Raanan said. “Cyera joining the program clearly reflects this approach: it allows us to reward employees for what they have built so far and to strengthen their role in the company’s next phase.”
The Employee Liquidity Fund was launched in July 2025, giving each Cyberstarts portfolio company access to its own dedicated track. Cyera is the first to implement the program in practice.
