Cyera agrees to acquire Oasis Security for $1B to safeguard proliferating AI agents
Quick Answer
Cyera has signed a letter of intent to acquire Oasis Security for $1 billion, primarily in cash, to enhance cybersecurity for AI agents.
Quick Take
This acquisition follows Cyera's recent $600 million funding round and highlights the growing demand for cybersecurity solutions against AI-related threats.
Key Points
- Oasis Security specializes in managing non-human identities, particularly AI agents.
- Cyera plans to integrate Oasis's technology into its identity and data security platform.
- The acquisition reflects a booming market for cybersecurity against AI-weaponized threats.
- Cyera has raised approximately $2.3 billion in total funding since its inception.
- Despite $150 million in annual recurring revenue, Cyera is not yet profitable.
Source Excerpt
The deal is Cyera's third acquisition this year.
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