Cyera acquires Oasis Security for $1 billion

Data security company Cyera will acquire Oasis Security for approximately $1 billion in a mostly cash deal to bolster its platform against threats from proliferating AI agents. Oasis, which focuses on non-human identity management, will be integrated into Cyera's platform. The deal highlights a surging market for AI-related cybersecurity and continues an acquisition spree for the $12 billion-valued Cyera.

Cyera acquisition of Oasis

• ▪Data security company Cyera signed a letter of intent to acquire Oasis Security for approximately $1 billion on July 28, 2026.
• ▪The acquisition of Oasis Security will be paid for mostly in cash, with the remainder in Cyera shares.

Nonhuman identity management challenge

• ▪The proliferation of AI agents requires companies to deploy cybersecurity software to monitor their behavior and manage permissions.
• ▪The market for cybersecurity providers defending enterprises against AI-weaponized threats is surging.

Oasis Security platform capabilities

• ▪Oasis Security's technology monitors the behavior of AI agents and grants them permission to access other software.
• ▪Oasis Security, founded in 2022, focuses on securing non-human identities, primarily AI agents.

Cyera data security platform

• ▪Cyera plans to integrate Oasis Security's technology into a unified identity and data security platform.
• ▪Cyera has surpassed $150 million in annual recurring revenue (ARR) but is not profitable.

Cyera acquisition strategy

• ▪Cyera recently acquired Index Ventures-backed Ryft and Genie Security, a company less than one year old.
• ▪The acquisition of Oasis Security is part of Cyera's recent acquisition spree.

Company funding rounds

• ▪Oasis Security has raised about $195 million from investors including Accel, Craft Ventures, and Cyberstarts.
• ▪Cyera and Oasis Security share investors Accel and Cyberstarts.
• ▪Cyera recently raised $600 million, reaching a $12 billion valuation, and has raised about $2.3 billion in total.

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