Cyera to Buy Oasis Security for $1 Billion as AI Agent Threats Spur Cybersecurity Deals
Updated
Updated · TechCrunch · Jul 29
Cyera to Buy Oasis Security for $1 Billion as AI Agent Threats Spur Cybersecurity Deals
3 articles · Updated · TechCrunch · Jul 29
Summary
$1 billion is the price Cyera agreed in a letter of intent to acquire Oasis Security, with the deal expected to be paid mostly in cash and the rest in Cyera shares.
Oasis, founded in 2022, focuses on non-human identities—mainly AI agents—whose growing use is driving demand for tools that monitor behavior and control software access.
Cyera plans to fold Oasis into a unified identity and data security platform, extending an acquisition push that recently included Ryft and Genie Security.
The deal underscores a fast-growing market for defenses against AI-weaponized threats as Cyera, valued at $12 billion after a recent $600 million raise, scales despite still being far from profitable.