Cyera agrees to acquire Oasis Security for $1B to safeguard proliferating AI agents

<p id="speakable-summary" class="wp-block-paragraph">Data security company Cyera, which recently raised <a rel="nofollow" href="https://www.cyera.com/press-releases/cyera-raises-600-million-at-12-billion-valuation-to-continue-building-the-trust-layer-for-the-ai-era">$600 million</a> 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.</p>
<p class="wp-block-paragraph">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.</p>
<p class="wp-block-paragraph">Founded in 2022, Oasis has raised about $195 million from Accel, Craft Ventures, Cyberstarts and other investors.</p>
<p class="wp-block-paragraph">The deal highlights a surging market for cybersecurity providers defending enterprises against AI-weaponized threats.</p>
<p class="wp-block-paragraph">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.</p>
<p class="wp-block-paragraph">Post-acquisition, Cyera plans to integrate Oasis’s technology into a unified identity and data security platform.</p>
<p class="wp-block-paragraph">Although Cyera recently surpassed<a href="https://techcrunch.com/2026/06/02/cyera-eyes-12b-valuation-at-80x-arr-multiple-despite-operating-losses/"> $150 million </a>in annual recurring revenue (ARR), the company is far from profitable, TechCrunch reported last month. The five-year-old company has raised about $2.3 billion in total funding.</p>