Cyera Agrees to Acquire Oasis Security for $1 Billion in Cash and Stock

AI security firm Cyera signs LOI to buy Oasis Security for $1B, primarily in cash. The deal integrates non-human identity tech into Cyera's platform, bolstering its $12B valuation.

Woofun AI reports that AI data security company Cyera has signed a letter of intent to acquire Oasis Security for approximately $1 billion. The transaction is expected to be primarily cash-based, with the remainder paid in Cyera shares. Oasis Security, founded in 2022, specializes in non-human identity security for AI agents and has raised approximately $195 million from investors including Accel, Craft Ventures, and Cyberstarts. Cyera, which recently closed a $600 million financing round at a $12 billion valuation, plans to integrate Oasis's technology into a unified identity and data security platform. Cyera currently reports annual recurring revenue exceeding $150 million but remains unprofitable despite raising approximately $2.3 billion over five years.