The Wall Street Journal reported Tuesday that Cyera agreed to acquire Oasis Security for $1 billion and that the companies expect the deal to close later this year.
The acquisition will combine Oasis Security’s access management platform for agentic enterprises with Cyera’s solutions that cover what data exists, how sensitive it is, who can reach it and who authorized that access, Cyera Co-Founder and CEO Yotam Segev said in the post.
“Every identity—human, machine or agent, is a point of exposure—which is why every identity has to be tracked, understood and controlled,” Segev said. “So, we’re building a new model, one that unifies data and identity into a single system, so every agent is trusted with exactly the data it should reach. No blind spots, no fragmentation, one place to secure them all.”
In its own blog post Tuesday about the acquisition, Oasis Security said the companies will work together to solve a new kind of risk that has been created by the rapid proliferation of AI agents. It’s the potential of agents to make a wrong decision that exposes sensitive data or disrupts operations.
“Our joint vision goes beyond keeping an agent away from the wrong data,” Oasis Security Co-Founder and CEO Danny Brickman said in the post. “We want enterprises to automate their most critical work without letting a single wrong decision interrupt the business. Joining Cyera is the most ambitious way to pursue the mission we started.”
Cyera announced in June that it was valued at $12 billion in a funding round in which it raised $600 million. Six months earlier, in January, the company was valued at $9 billion in a funding round in which it raised $400 million.
PYMNTS reported in January that as enterprises scale production of AI systems, investors are seeing near-term demand for tools that manage compute constraints, govern sensitive data and apply AI directly to revenue-generating workflows.
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