Cyera buys Oasis Security for $1B to protect AI agents
Data security unicorn snaps up AI agent identity firm in $1B deal.
Cyera, a data security company that recently raised $600 million at a $12 billion valuation, announced it signed a letter of intent to acquire Oasis Security for approximately $1 billion. The deal is expected to be paid mostly in cash, with the remainder in Cyera shares. Oasis, founded in 2022 and backed by Accel, Craft Ventures, and Cyberstarts, focuses on non-human identities, primarily AI agents. As AI agents proliferate, companies must deploy cybersecurity software to monitor agent behavior and control their access to other software. Oasis has raised about $195 million to date.
This acquisition is part of Cyera’s broader strategy to build a unified identity and data security platform. Cyera has been on an acquisition spree, recently purchasing Index Ventures-backed Ryft and the less-than-one-year-old Genie Security. Post-acquisition, Cyera plans to integrate Oasis’s technology into its platform. Although Cyera recently surpassed $150 million in annual recurring revenue (ARR), the company is far from profitable, having raised about $2.3 billion in total funding. The deal highlights the surging market for cybersecurity providers defending enterprises against AI-weaponized threats.
- Cyera acquires Oasis Security for ~$1B, mostly cash, with some Cyera shares.
- Oasis specializes in securing non-human identities, especially AI agents, a rapidly growing threat vector.
- Cyera plans to integrate Oasis into a unified identity and data security platform, continuing its acquisition spree (Ryft, Genie Security).
Why It Matters
With AI agents multiplying, securing their identities is critical for enterprise cybersecurity, driving major acquisitions.