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

Cybersecurity unicorn Cyera 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. Recently, Cyera raised funds at a valuation of $12 billion, underscoring its rapid growth and strong market position. This acquisition marks a significant expansion for Cyera in the cybersecurity sector, integrating Oasis Security's technologies and expertise into its portfolio.