Data security firm Cyera has signed a letter of intent to purchase Oasis Security, a company specializing in managing non-human identities and AI agents.
Key facts
- •Cyera recently raised $600 million at a valuation of $12 billion.
- •Oasis Security has raised approximately $195 million in funding since its founding in 2022.
- •Cyera has reached over $150 million in annual recurring revenue but is not currently profitable.
- •Cyera has secured a total of $2.3 billion in funding to date.
- •Cyera and Oasis share common investors, including Accel and Cyberstarts.
Cyera, a data security company, announced on Tuesday that it has signed a letter of intent to acquire Oasis Security for approximately $1 billion. The transaction is expected to be settled primarily in cash, with the remainder paid in Cyera shares.
By the numbers
Focus on Non-Human Identities
Oasis Security, founded in 2022, specializes in monitoring non-human identities, specifically AI agents. As the use of AI agents grows, companies are increasingly seeking tools to monitor their behavior and manage the permissions granted to them for accessing other software systems.
Integration and Market Context
Following the acquisition, Cyera intends to incorporate the technology from Oasis into its own unified identity and data security platform. This deal follows Cyera's recent acquisitions of Ryft and Genie Security, reflecting a broader trend of cybersecurity providers expanding their capabilities to defend enterprises against threats involving AI.
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This article was independently rewritten by ManyPress editorial AI from reporting originally published by TechCrunch.
