Cyera to acquire Oasis Security for $1B to protect AI agents
Cyera, a data security firm, has expressed its intention to acquire Oasis Security for around $1 billion, primarily in cash, with the balance in Cyera stock. Established in 2022, Oasis specializes in non-human identities, particularly AI agents, and has secured roughly $195 million from investors including Accel, Craft Ventures, and Cyberstarts. Recently, Cyera raised $600 million, achieving a valuation of $12 billion, and has been actively acquiring companies, such as Ryft and Genie Security. Following the acquisition, Cyera aims to merge Oasis's technology into a comprehensive identity and data security platform. This transaction underscores the growing demand for cybersecurity solutions to protect businesses from AI-driven threats. Cyera has raised a total of about $2.3 billion and has exceeded $150 million in annual recurring revenue, yet it remains unprofitable.
Key facts
- Cyera signed a letter of intent to acquire Oasis Security for approximately $1 billion.
- The deal is expected to be paid mostly in cash, with the remainder in Cyera shares.
- Oasis focuses on non-human identities, primarily AI agents.
- Oasis was founded in 2022 and has raised about $195 million from Accel, Craft Ventures, Cyberstarts and other investors.
- Cyera recently raised $600 million at a $12 billion valuation.
- Cyera has been on an acquisition spree, purchasing Index Ventures-backed Ryft and Genie Security.
- Post-acquisition, Cyera plans to integrate Oasis's technology into a unified identity and data security platform.
- Cyera has raised about $2.3 billion in total funding and recently surpassed $150 million in annual recurring revenue.
Entities
Institutions
- Cyera
- Oasis Security
- Accel
- Craft Ventures
- Cyberstarts
- Index Ventures
- Ryft
- Genie Security
- TechCrunch