Data security company Cyera announced Tuesday, July 29, 2026, that it has signed a letter of intent to acquire Oasis Security for approximately $1 billion. The deal will be paid mostly in cash, with the remainder in Cyera shares.
Oasis Security, founded in 2022, specializes in securing non-human identities — primarily AI agents. As AI agents become more widespread, companies face growing pressure to deploy cybersecurity software that monitors agent behavior and controls their access to other software systems. Oasis has raised roughly $195 million from investors including Accel, Craft Ventures, and Cyberstarts.
Cyera itself has raised approximately $2.3 billion in total funding, including a recent $600 million round that valued the company at $12 billion. The five-year-old company surpassed $150 million in annual recurring revenue but has not yet reached profitability, according to a TechCrunch report from last month.
The Oasis acquisition is Cyera’s third this year, following its purchases of Index Ventures-backed Ryft and the less-than-one-year-old Genie Security. Cyera shares investors Accel and Cyberstarts with Oasis. Following the deal’s close, Cyera plans to integrate Oasis’s technology into a unified identity and data security platform.
The acquisition reflects a surging market for cybersecurity providers defending enterprises against AI-related threats. As AI agents proliferate across enterprise environments, demand for tools that can monitor and govern their behavior may continue to grow, suggesting this deal could position Cyera to address an expanding segment of the cybersecurity market.
Source: TechCrunch