TechCrunch·2 min read·medium
Cyera agrees to acquire Oasis Security for $1B to safeguard proliferating AI agents
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Marina Temkin
✦AI Summary
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.
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.
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