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

Core Impact Points

• Cyera, a five-year-old company, has raised about $2.3 billion in total funding and recently surpassed $150 million in annual recurring revenue (ARR).
• The acquisition of Oasis Security will enable Cyera to integrate Oasis's technology into a unified identity and data security platform.
• Oasis Security focuses on non-human identities, primarily AI agents, and has raised about $195 million from investors such as Accel and Craft Ventures.
• The deal highlights a surging market for cybersecurity providers defending enterprises against AI-weaponized threats, with Cyera planning to integrate Oasis's technology into its platform.
• Cyera has been on an acquisition spree, recently purchasing Index Ventures-backed Ryft and the less-than-one-year-old Genie Security.
• The acquisition is expected to be paid mostly in cash, with the remainder in Cyera shares, and is expected to strengthen Cyera's position in the US market.