Who Is Building the Next Layer of the Digital Economy?

This week overview (June 8 - June 12, 2026):

• Cyera raised $600 million at a $12 billion valuation, highlighting growing demand for AI-era cybersecurity platforms focused on protecting and managing sensitive enterprise data.

• TensorWave secured $350 million to expand its AMD-powered AI infrastructure, scaling compute capacity as enterprises seek alternatives to traditional GPU ecosystems.

• Bybit launched IPO Express, bringing tokenized IPO access to retail investors and allowing participation in offerings such as SpaceX directly through blockchain-based infrastructure.

• NinjaOne surpassed a $12.3 billion valuation after raising over $400 million, reflecting strong investor confidence in enterprise software platforms that manage and secure IT operations at scale.

Cyera: AI Built the House. Now Someone Has to Lock the Doors

Cyera raised $600M at a $12 billion valuation, its largest round yet and a stunning acceleration from the $3B valuation it carried just 18 months ago. The round was led by Evolution Equity Partners with participation from Accel, Blackstone, Coatue, AT&T Ventures and Spark Capital, bringing total capital raised past $2.3 billion.

“We started Cyera to solve a problem enterprises couldn’t crack: understanding what sensitive data they had, where it lived, and who could reach it,” Cyera founding Chief Executive Officer Yotam Segev wrote. 

Cyera's platform scans every corner of a company's cloud environment to find sensitive data, classify it, and flag every misconfiguration that could expose it. 

TensorWave Raises $350 Million to Expand AMD-Powered AI Infrastructure

TensorWave has raised $350 million in a Series B funding round co-led by Magnetar and AMD Ventures as demand for large-scale AI compute continues to accelerate. The company plans to use the capital to expand its global AI infrastructure footprint and deploy next-generation clusters optimized for memory-intensive workloads such as large language model training, inference, and generative AI applications. Positioning itself as an alternative to vertically integrated GPU ecosystems, TensorWave focuses exclusively on AMD-powered infrastructure and open compute architecture.

“As demand for AI infrastructure continues to grow, TensorWave is well positioned to help enterprises scale AI deployments with high-performance, AMD-powered compute,” said Sagi Paz, Head of AMD Ventures.

The company has rapidly scaled since its 2025 Series A, now operating one of North America’s largest AMD-based AI training clusters with more than 2 gigawatts of secured long-term data center capacity. Customers including Fireworks AI and Luma AI are already using TensorWave’s infrastructure for production AI workloads, highlighting growing demand for alternative compute providers as enterprises seek greater flexibility, capacity, and independence from increasingly constrained AI hardware supply chains.

Bybit IPO Express and Tokenized IPO Access: Bringing Primary Markets Onchain

Bybit has launched IPO Express, becoming one of the first centralized crypto exchanges to offer retail access to tokenized IPO allocations at the offering price, beginning with SpaceX. Powered by Payward Services’ xStocks infrastructure, the platform allows eligible users to subscribe to tokenized representations of public equity offerings directly through their Bybit accounts, bypassing many of the geographic and brokerage restrictions that have historically limited IPO participation. The launch represents another step in the convergence of traditional capital markets and blockchain-based financial infrastructure, extending tokenization beyond secondary market equities into primary issuance.

By enabling IPO subscriptions, settlement, and secondary trading through onchain rails, Bybit is positioning itself at the intersection of tokenized securities, global capital formation, and retail investor access.

NinjaOne: The Quiet Compounder That Just Hit $12.3 Billion

NinjaOne builds software that lets IT teams manage millions of endpoints: laptops, servers, mobile devices, from a single dashboard, and it does it quietly, consistently, and profitably. NinjaOne raised over $400M in a secondary share sale, pushing its valuation to $12.3B, more than double the $5B it carried just 16 months ago.

Investors in the round include Wellington Management, Sequoia Capital, ICONIQ, CapitalG (Alphabet), Teachers' Venture Growth, BDT & MSD Partners, NEA, and Hedosophia. Founded in 2013 by Sal Sferlazza and Chris Matarese, NinjaOne now serves nearly 40,000 organizations globally.