Cyera is acquiring Oasis Security for 1 billion dollars, its fifth purchase in four months and by some distance its largest. Both companies are Israeli, both were founded by graduates of military technology units, and the logic joining them is narrower than the price suggests.
Cyera, founded in 2021 and last valued at 12 billion dollars, sells a data security platform to more than a fifth of the Fortune 500. Its business is knowing what an organisation holds and where. Oasis, founded a year later, answers the other half of that question: which identities are reaching for the data. Increasingly those identities are not people. They are AI agents and automated tools that execute commands, alter files and open records, usually with credentials nobody reviews.
The number driving the deal is the growth in those accounts. Non-human identities inside Fortune 500 companies rose 480 percent in six months. Every agent an enterprise deploys is another set of permissions running unattended, and the security industry has spent two decades building tools that assume a human sits behind a login.
Oasis raised more than 195 million dollars from Accel, Cyberstarts, Sequoia Capital and Craft Ventures before this. Its chief executive Danny Brickman said the founders identified non-human identity as a defining problem of the AI era from the start, and Cyera's Yotam Segev framed the pairing as the two halves of any security decision: what needs protecting, and who or what wants in. Cyera has bought Genie Security, Ryft, Otterize, Shape AI and Trail Security on the way here, which is a company assembling a platform at speed rather than one filling a gap.