Cyera agrees to acquire Oasis Security for $1B to safeguard proliferating AI agents

In Brief Posted: 5:09 PM PDT · July 28, 2026 Data security company Cyera, which recently raised $600 million at a $12 billion valuation, announced Tuesday that it signed a letter of intent to acquire Oasis Security for approximately $1 billion in a deal expected to be paid mostly in cash, with the remainder in Cyera shares. Oasis focuses on non-human identities, primarily AI agents. As the number of AI agents proliferates, companies must deploy cybersecurity software that monitors these agents’ behavior and grants them permission to access other software. Founded in 2022, Oasis has raised about $195 million from Accel, Craft Ventures, Cyberstarts and other investors. The deal highlights a surging market for cybersecurity providers defending enterprises against AI-weaponized threats. Cyera,