Cyera agrees to acquire Oasis Security for $1B to safeguard proliferating AI agents
Cybersecurity firm Cyera has announced a $1 billion acquisition of Oasis Security to bolster its defenses for AI agents. The deal reflects the growing enterprise demand for tools that manage and secure non-human identities in an increasingly automated digital environment.
Why it matters
As AI agents become more integrated into business operations, securing the permissions and identities of these agents has become a critical priority for the cybersecurity industry.
Data security company Cyera, which recently raised $600 million at a $12 billion valuation, announced Tuesday that it signed a letter of intent to acquire Oasis Security for approximately $1 billion in a deal expected to be paid mostly in cash, with the remainder in Cyera shares.
Oasis focuses on non-human identities, primarily AI agents. As the number of AI agents proliferates, companies must deploy cybersecurity software that monitors these agents’ behavior and grants them permission to access other software.
Founded in 2022, Oasis has raised about $195 million from Accel, Craft Ventures, Cyberstarts and other investors.
The deal highlights a surging market for cybersecurity providers defending enterprises against AI-weaponized threats.
Cyera, which shares investors Accel and Cyberstarts with Oasis, has been on an acquisition spree, recently purchasing Index Ventures-backed Ryft and the less-than-one-year-old Genie Security.
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