Cyber Unicorn Cyera Acquires Israeli Startup Oasis Security for Nearly $1 Billion

Cyera, a cyber unicorn, announced on Tuesday that it has signed a letter of intent to acquire the Israeli startup Oasis Security for approximately $1 billion. The deal is expected to include around $700 million in cash, with the remainder paid in Cyera shares. This acquisition follows Cyera's recent $600 million funding round, which valued the company at $12 billion.

Oasis Security, founded in 2022 by CEO Danny Brickman and CPO Amit Zimmerman, develops solutions for managing and securing non-human identities and AI agents. Both founders served in Israel's Intelligence Unit 81, with Brickman serving 11 years and Zimmerman seven. Their platform helps organizations discover, manage, and govern tokens, keys, service accounts, and AI agents, identifying risks and applying real-time protections. The company has raised $195 million to date, with its latest funding round in March valuing it at $700 million.

Following the acquisition, Oasis will operate as a dedicated unit within Cyera, continuing to lead in non-human identity management while integrating both companies' platforms. Brickman stated, "From day one, we recognized non-human identities as a major security challenge in the AI era. While Cyera redefined data security, we redefined identities for AI. Our shared vision enables us to realize this future faster and at greater scale."