Cyera plans $1 billion Oasis Security acquisition to expand protection for AI agents

Cyera has signed a letter of intent to acquire Oasis Security for approximately $1 billion, in a deal expected to be paid mostly in cash with the remainder in Cyera shares. The proposed acquisition would give the data security company a stronger position in one of cybersecurity’s fastest-growing areas: protecting AI agents and other non-human identities inside enterprise systems.

Oasis Security focuses on securing non-human identities, a category that increasingly includes AI agents that can access software, data, and internal workflows with limited human intervention. As companies deploy more autonomous tools across business operations, the attack surface expands beyond employees and traditional endpoints. That shift is creating demand for security products that can monitor agent behavior, manage permissions, and reduce the risk of misuse or compromise.

The deal also shows how quickly AI-driven security concerns are reshaping the cyber market. Enterprises are not only worried about attackers using AI to scale threats; they are also grappling with the internal governance problem of how to control the growing number of machine identities operating across cloud environments and business applications.

Cyera broadens its platform strategy

Cyera said it plans to integrate Oasis technology into a unified identity and data security platform. Strategically, that would extend Cyera’s core data security posture into identity-centric controls, giving customers a broader way to govern who or what can reach sensitive information.

The acquisition would be Cyera’s third deal this year, following its purchases of Ryft and Genie Security. That pace suggests the company is using M&A aggressively to build out a wider enterprise security stack rather than relying only on organic product development.

Cyera appears to have the financial capacity to pursue that strategy. The company recently raised $600 million at a reported $12 billion valuation and has surpassed $150 million in annual recurring revenue, though it is reportedly still unprofitable. Oasis, founded in 2022, has raised roughly $195 million from investors including Accel, Craft Ventures, and Cyberstarts.

Why the deal matters

This acquisition is notable less for consolidation alone than for what it signals about the next phase of enterprise security. AI agents are moving from experimental tools to operational actors that can read documents, trigger workflows, and interact with multiple services. As that happens, identity security is becoming inseparable from data security.

If the deal closes and integration goes smoothly, Cyera could emerge as a more formidable platform player in enterprise cybersecurity, especially for organizations trying to secure both sensitive data and the software agents increasingly acting on their behalf.