Israeli Cybersecurity Firm Cyera to Acquire Oasis Security for $1 Billion

Israeli cybersecurity company Cyera has signed a letter of intent to acquire the Israeli startup Oasis Security for approximately $1 billion. Oasis Security specializes in managing and securing non-human identities and AI agents. Upon completion of the deal, subject to a binding agreement and conditions, Oasis will operate as an independent unit within Cyera, continuing its focus on non-human identity security.

The acquisition aims to enhance Cyera's cybersecurity platform by integrating data security with identity and access management, including AI agents. This will enable organizations to gain comprehensive visibility into sensitive information and all entities, human or non-human, requesting access. The financial details regarding the cash and stock components of the deal have not been disclosed.

Founded in 2022 by CEO Danny Brickman and Product VP Amit Zimmerman, both former Unit 81 members, Oasis Security addresses the growing challenge of securing non-human identities amid expanding AI use. Cyera reports a 480% increase in non-human identities within Fortune 500 companies over the past six months.

This acquisition follows Cyera's recent $600 million funding round, valuing the company at $12 billion, and reflects its strategic expansion through acquisitions. Cyera co-founder and CEO Yotam Shegev emphasized that AI is transforming organizational security, stating that understanding both the data to protect and the entity accessing it is crucial. Brickman added that joining Cyera will accelerate platform development and broaden their operational scope.