Cyera acquires Oasis Security for $1B to secure proliferating AI agents and non-human identities

Cyera Signs $1 Billion Deal to Acquire Oasis Security

Data security company Cyera announced Tuesday it signed a letter of intent to acquire Oasis Security for approximately $1 billion, with the deal expected to be paid mostly in cash and the remainder in Cyera shares 1

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. The acquisition brings together two fast-growing venture-backed startups, with Cyera founded in 2021 and Oasis Security launched in 2022 2

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. Cyera, which recently raised $600 million at a $12 billion valuation, shares investors Accel and Cyberstarts with Oasis, which has raised about $195 million since its founding 1

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Building a Unified Identity and Data Security Platform for AI Agent Security

The agreement aims to create a next-generation security platform by combining Cyera's data security capabilities with Oasis Security's platform for non-human identity and access governance 2

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. Post-acquisition, Cyera plans to integrate Oasis's technology into a unified identity and data security platform that provides enhanced visibility into sensitive data access across humans, machines, and AI agents 1

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. "Put those two things together and you get one system that decides what every human, machine, and agent can see and do," Cyera Co-Founder and CEO Yotam Segev wrote 2

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. The goal is "to unify identity and data security into the most comprehensive platform for securing AI," Segev added, noting that "this is how agentic security must be built to determine what AI can see and do" 2

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Oasis Security's Leadership in Non-Human Identity Security and AI Governance

Oasis Security has distinguished itself in the identity security market through its highly differentiated approach to non-human identity (NHI) visibility and AI governance 2

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. The company focuses on non-human identities, primarily AI agents, as the number of these automated entities proliferates across enterprise environments 1

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. According to James Hauswirth, global managing director for privileged access management at Cyderes, Oasis is "very clearly the front-runner in NHI" and has been since coming out of stealth 2

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. The platform addresses a historic challenge by rapidly evaluating context around non-human identity, including how credentials are utilized and whether they're being used by a human user, a machine process, or an AI system 2

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. "Oasis is purpose-built to solve for both your general, technical debt version of non-human identity, but also AI governance," Hauswirth noted 2

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Deal Highlights Surging Demand for Cybersecurity Solutions Against AI-Driven Threats

The acquisition underscores a surging market for cybersecurity solutions defending enterprises against AI-driven threats as companies must deploy software that monitors AI agents' behavior and grants them permission to access other systems 1

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. Cyera has been on an acquisition spree, recently purchasing Index Ventures-backed Ryft and the less-than-one-year-old Genie Security 1

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. The five-year-old company continues its rapid growth thanks to demand for its product offerings in data security posture management, data loss prevention, and products focused on protecting data related to AI usage 2

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. Although Cyera recently surpassed $150 million in annual recurring revenue (ARR), the company is far from profitable and has raised about $2.3 billion in total funding 1

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. Oasis Security President Michael DeCesare previously indicated that the company has been driving most of its deals through the channel and is seeking to work closely with more partners as it scales up 2

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