Cyera to Acquire Oasis Security for $1 Billion to Enhance AI Agent Cybersecurity
Cyera has signed an agreement to acquire Oasis Security in a deal valued at approximately $1 billion, primarily paid in cash with the remainder in Cyera shares. The acquisition aims to bolster cybersecurity capabilities as companies increasingly rely on AI agents that require monitoring and access control. Founded in 2022, Oasis specializes in securing non-human identities such as AI systems. Cyera has been actively expanding through acquisitions and recently surpassed $150 million in annual recurring revenue (ARR), though it remains unprofitable despite raising over $2.3 billion to date. The deal underscores growing demand for cybersecurity solutions addressing threats posed by AI technologies, with both companies sharing key investors like Accel and Cyberstarts.
Topics: AI Cybersecurity M&A