Home / Technology / Cyera Buys Oasis Security for $1B to Secure AI Agents
Cyera Buys Oasis Security for $1B to Secure AI Agents
29 Jul
Summary
- Cyera acquires Oasis Security for approximately $1 billion.
- Oasis specializes in securing non-human identities, especially AI agents.
- The deal underscores a booming market for AI threat defense.
Data security company Cyera announced Tuesday its intention to acquire Oasis Security for approximately $1 billion. The deal is structured primarily as a cash transaction, supplemented by Cyera shares.
Oasis Security specializes in securing non-human identities, with a particular focus on AI agents. As the proliferation of AI agents accelerates, businesses are increasingly reliant on advanced cybersecurity software to monitor their activities and manage access permissions.
This acquisition by Cyera, a company that recently achieved over $150 million in annual recurring revenue, signifies a significant move within the burgeoning cybersecurity sector. The market for providers defending against AI-weaponized threats is experiencing substantial growth.
Cyera plans to integrate Oasis's technology into its unified identity and data security platform. The company has been active in acquisitions, recently purchasing Ryft and Genie Security.
