Data security firm Cyera buys Oasis Security for $1bn to track AI agents

Data security company Cyera has agreed to acquire Oasis Security for approximately $1bn in a cash-and-stock transaction. The deal involves roughly $700m in cash and is scheduled to close before the end of the year.

Every artificial intelligence agent requires a digital identity to access corporate data. However, most organizations currently rely on access tools built exclusively for human users.

Cyera specializes in mapping sensitive corporate data, while Oasis manages the accounts used by machines and software. Combining these capabilities creates a unified platform to control exactly what every human, machine and agent can access within a network.

This consolidation reflects a broader scramble across global and European markets to secure artificial intelligence infrastructure. Non-human identities within large enterprises expanded by nearly 500 percent over a six-month period. This rapid expansion makes them the fastest-growing account category in the corporate sector.

Capital is flooding into this specific cybersecurity niche to manage the proliferation of autonomous software. Recent funding rounds include a $100m raise by Neo and a seed investment in NeuralTrust.

Cyera is financing this expansion through aggressive venture capital backing. The company raised $600m in June at a $12bn valuation, bringing its total funding to approximately $2.3bn.

This transaction marks the fifth acquisition for Cyera in recent months, following previous purchases of Genie Security, Ryft and Trail Security. The strategy aims to construct a comprehensive artificial intelligence security platform by rolling up specialized smaller firms.

Founded in 2022, Oasis claims to be the quickest cybersecurity company to reach a $1bn exit from its launch. The deal underscores a record year for cybersecurity mergers and acquisitions as buyers race to dominate the sector, a trend that will heavily influence European corporate IT spending.

Despite the momentum, significant financial risks remain for investors backing this consolidation wave. Cyera remains unprofitable. Furthermore, its $12bn valuation represents roughly 80 times its current revenue.

The underlying investment thesis depends on the successful deployment of millions of artificial intelligence agents that have not yet materialized. The core assumption is that these systems will eventually arrive, requiring strict governance over their digital permissions.