Data security company Cyera signed a letter of intent to acquire Israeli startup Oasis Security for approximately $1 billion in cash and stock. The Tuesday deal addresses the rapid proliferation of non-human identities and AI agents across enterprise networks as the acquiring unicorn continues an aggressive acquisition spree.
The transaction relies heavily on cash, with the cash portion estimated at around $700 million and the remainder paid in Cyera shares, as calcalistech.com reported. Both companies expect the deal to close later this year.
Securing the AI Era’s Non-Human Identities
Founded in 2022 by Danny Brickman and Amit Zimerman, Oasis Security builds software platforms designed to discover, manage, and govern machine identities. Both founders served as veterans of Unit 81, an elite technological unit within the Israel Defense Force Intelligence Corps. Oasis develops what calcalistech.com calls agentic access management,
a framework built for computing environments where machine accounts and digital keys vastly outnumber human users.
As enterprises rapidly adopt autonomous AI tools and virtual assistants to process data, these autonomous agents execute commands and access sensitive files with minimal human oversight. Cyera noted that the number of non-human identities among Fortune 500 companies surged by 480 percent in the last six months alone.
“From day one, we recognized that non-human identities would become one of the key security challenges of the AI era.”
Danny Brickman, CEO of Oasis Security, via TechCrunch
Brickman added, While Cyera redefined data security, we redefined identity governance for the AI age.
Financing and Corporate Expansion at Cyera
The blockbuster purchase follows Cyera’s recent $600 million funding round, which valued the data security unicorn at $12 billion. That massive capital injection helps finance the Oasis acquisition alongside continued platform expansion. Founded in 2021 by Yotam Segev and Tamar Bar-Ilan—both alumni of Israel’s Talpiot program and Unit 8200—Cyera has grown to more than 1,500 employees across 18 countries over the past 18 months, generating over $200 million in annual recurring revenue.
Cyera maintains a broad customer base that includes Paramount, Chipotle, Valvoline, Hollister, and DocuSign, according to calcalistech.com.
An Aggressive Acquisition Spree in Tel Aviv and Beyond
The Oasis deal represents just the latest move in an extensive buying streak. Over recent months, Cyera has absorbed several younger security startups to build out its unified platform. In May, the company acquired Genie Security for an estimated $50 million, shortly after purchasing Ryft for an estimated $100 million. Earlier transactions include Trail Security, Otterize, and Shape AI.
Post-acquisition, Oasis Security will operate as a dedicated, independent unit within Cyera, retaining responsibility for the non-human identity security sector while engineering teams integrate their respective platforms.
“Every security decision begins with an understanding of two things – what information needs to be protected and who or what wants to access it. The connection with Oasis allows us to unite these two worlds in one platform.”
Yotam Segev, CEO of Cyera, via Globes
Market Consolidation Amid AI Threats
The transaction underscores a broader wave of consolidation across the cybersecurity industry as enterprises grapple with autonomous risks. Investors backing Oasis include Accel, Craft Ventures, Sequoia Capital, and Cyberstarts, with Cyberstarts holding stakes in both acquiring and acquired entities. Having raised approximately $195 million since inception, Oasis reached a $700 million valuation during a Series B round in March.
Whether regulatory hurdles or shifting market conditions will alter the definitive agreement timeline remains open as both companies work toward final closing conditions later this year.
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