Cyera agrees to acquire Oasis Security for $1B to safeguard proliferating AI agents
Data security firm Cyera has signed a letter of intent to buy Oasis Security for approximately $1 billion to secure non-human identities and growing AI agents.
Stock photo for illustration only, not from the actual event
- Cyera signed a letter of intent to acquire Oasis Security for about $1 billion
- The transaction is expected to be paid mostly in cash and partly in Cyera shares
- Oasis Security specializes in non-human identities and AI agents
- Cyera plans to integrate the technology into a unified identity and data security platform
Data security company Cyera announced on Tuesday that it has signed a letter of intent to acquire Oasis Security for approximately $1 billion. The deal is structured to be paid predominantly in cash, with the remainder settled through Cyera shares. This acquisition follows closely on the heels of Cyera's recent $600 million funding round, which valued the company at $12 billion.
Founded in 2022, Oasis Security concentrates heavily on non-human identities, with a primary focus on AI agents. As organizations increasingly deploy AI agents across their operations, businesses must adopt cybersecurity software capable of monitoring these agents' behavior and regulating their access permissions to other software systems. Prior to this agreement, Oasis had raised roughly $195 million from investors including Accel, Craft Ventures, and Cyberstarts.
Stock photo for illustration only, not from the actual event
This acquisition highlights a rapidly expanding market for cybersecurity vendors dedicated to protecting enterprises against threats weaponized by AI. Cyera and Oasis share common investors in Accel and Cyberstarts, which may ease integration efforts. Cyera has maintained an aggressive acquisition strategy, having recently purchased Ryft—backed by Index Ventures—and Genie Security, a company less than a year old.
Although Cyera recently surpassed $150 million in annual recurring revenue, TechCrunch reported last month that the five-year-old firm is not yet profitable, having raised about $2.3 billion in total funding overall. Following the closure of the deal, Cyera intends to fold Oasis's technology directly into a unified identity and data security platform.
Source: TechCrunch
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