CYERA has announced its acquisition of Oasis Security for $1 billion, with $700 million in cash and the remainder in shares. Oasis specializes in agentic access management technology that secures non-human identities, addressing risks associated with AI agents in enterprise environments. This acquisition aims to integrate identity and data security, enhancing visibility and control over who accesses data.
Cyera has recently raised $600 million at a $12 billion valuation, while Oasis had previously raised $120 million in Series B funding. This deal is noted as the second-largest in the cybersecurity sector for the year.