AI security company Cyera agrees to acquire Oasis Security for $1 billion
According to Techcrunch, AI data security company Cyera announced on Tuesday that it has signed a letter of intent to acquire Oasis Security for approximately $1 billion, with the transaction expected to be primarily in cash, and the remainder paid in Cyera shares. Cyera recently completed a $600 million financing round at a valuation of $12 billion.Oasis focuses on non-human identity security, such as AI agents, and was founded in 2022, having raised approximately $195 million in total funding, with investors including Accel, Craft Ventures, and Cyberstarts. Cyera shares some investors with Oasis and has recently acquired Ryft and Genie Security. After the acquisition, Cyera plans to integrate Oasis's technology into a unified identity and data security platform. Cyera has an annual recurring revenue of over $150 million but is far from profitable, having raised approximately $2.3 billion in total funding over five years.
