tech
Cyera agrees to acquire Oasis Security for $1B to safeguard proliferating AI agents
The deal is Cyera's third acquisition this year.
TL;DR
- Cyera intends to acquire Oasis Security for about $1 billion, with most of the payment in cash and the rest in Cyera shares.
- Oasis Security focuses on securing non-human identities, especially AI agents, which are becoming increasingly numerous.
- The acquisition aims to integrate Oasis's technology into Cyera's unified identity and data security platform.
- This deal underscores the growing market for cybersecurity providers addressing AI-related threats.
- The acquisition is Cyera's third this year, following purchases of Ryft and Genie Security.