Cyera’s $1B Oasis Security Deal Targets the AI Agent Identity Problem

Data security company Cyera 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. TechCrunch describes it as Cyera’s third acquisition this year.

Oasis focuses on non-human identities, primarily AI agents. As AI agents proliferate, companies need cybersecurity tools that monitor agent behavior and manage permissions to other software. The acquisition points to growing demand for security systems built around machine and agent access, not just human users.

Founded in 2022, Oasis has raised about $195 million from Accel, Craft Ventures, Cyberstarts and other investors. Cyera shares investors Accel and Cyberstarts with Oasis. That overlap adds context to a deal centered on identity, data protection and enterprise AI risk.

After the acquisition, Cyera plans to integrate Oasis’s technology into a unified identity and data security platform. Cyera recently purchased Index Ventures-backed Ryft and the less-than-one-year-old Genie Security. The company recently raised $600 million at a $12 billion valuation, surpassed $150 million in annual recurring revenue, and has raised about $2.3 billion in total funding, though TechCrunch reported it is far from profitable.