Cyera to Acquire Oasis Security for $1 Billion to Lock Down AI Agents

Quick Facts

• Cyera signed a letter of intent to acquire Oasis Security for approximately $1 billion, with about $700 million paid in cash and the rest in Cyera shares.
• The deal is expected to close in Q3 2026 and marks Cyera’s third acquisition this year, bringing its total acquisition spending to roughly $1.4 billion.
• Oasis Security built an agentic access management platform to secure non-human identities, including AI agents, bots, and service accounts.

Data security company Cyera announced Tuesday it signed a letter of intent to acquire Oasis Security for approximately $1 billion. The deal is structured as roughly $700 million in cash, with the remainder paid in Cyera shares.

The transaction is the second-largest cybersecurity deal of 2026, behind only Accenture’s acquisition of a majority stake in Dragos for about $3.2 billion. It is expected to close in Q3 2026, pending regulatory approval.

Cyera was founded in 2021 by CEO Yotam Segev and CTO Tamar Bar-Ilan, both graduates of Israel’s Talpiot program and veterans of Unit 8200. The company has raised about $2.3 billion in total funding and was last valued at $12 billion following a $600 million raise. Cyera has reportedly tripled its annual recurring revenue for three consecutive years and now employs more than 1,500 people across 18 countries.

Oasis Security, founded in 2022 by CEO Danny Brickman and CPO Amit Zimerman, raised approximately $195 million total, including a $120 million Series B led by Craft Ventures in March 2026. The company built what it calls an agentic access management platform designed to secure machine identities in environments where non-human users vastly outnumber human ones.

In a typical enterprise, non-human identities such as bots, service accounts, and AI agents outnumber human users by 100 to 1. In cloud-native environments, that ratio reaches 144 to 1. Oasis reports that AI agent use among Fortune 500 organizations has grown 480% over the past six months.

Segev framed the deal around the convergence of data visibility and access control. “Every security decision begins with understanding two things: what data needs protection and who, or what, is seeking to access it,” he said. “Oasis enables us to unite these two worlds on a single platform, giving organizations the level of control they need to adopt AI securely.”

Brickman said the combined platform goes beyond blocking unauthorized access. “We want enterprises to automate their most critical work without letting a single wrong decision interrupt the business,” he said.

Following the close, Oasis will operate as an independent business unit within Cyera and lead the company’s non-human identity security division. The two engineering teams will work to integrate their platforms, while Cyera’s global sales force is expected to push Oasis’s technology to hundreds of large enterprise customers.

The acquisition is Cyera’s third this year. Previous purchases include Trail Security for $162 million, Ryft for an estimated $100 million to $130 million, and Genie Security for approximately $50 million. Cyera shares investors Accel and Cyberstarts with Oasis.

Oasis employees stand to benefit from the deal. The company’s employee stock option plan, representing an estimated 10% to 15% of equity, is projected to generate between $100 million and $150 million in proceeds. Workers will also receive additional retention packages that include Cyera equity.

The non-human identity security market is projected to grow from $8.22 billion in 2026 to $22.94 billion by 2031, a compound annual growth rate of 22.78%, according to market data. Cyera’s acquisition of Oasis positions the company to compete for a large share of that spend as enterprises rush to govern AI agents running across their systems.

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