Cyera Agrees to Acquire Oasis Security for $1 Billion to Secure AI Agent Identities

Cyera, a data security company built around helping enterprises understand and protect sensitive data, has signed a letter of intent to acquire Oasis Security, a specialist in securing non-human identities, for approximately $1 billion. The deal, announced July 28, 2026, is Cyera’s third acquisition this year, as competition intensifies in the market for governing the access rights of service accounts, machine credentials, and AI agents.

According to TechCrunch, the transaction is expected to be paid mostly in cash, with the remainder in Cyera shares. Globes, the Israeli business outlet that first reported the two companies were in advanced talks earlier this month, said the exact split between cash and stock has not been publicly disclosed. Both companies are Israeli: Globes described it as an all-Israeli deal that still needs a binding agreement and the completion of standard closing conditions before it is final.

What Oasis Brings to the Table

Oasis Security was founded in 2022 by CEO Danny Brickman and Chief Product Officer Amit Zimerman, who previously served together in the Israeli military’s Unit 81 intelligence unit, according to Globes. The company’s software inventories non-human identities such as service accounts, API keys, and AI agents, tracks who owns each one, analyzes what it can access and why, and flags risky or unusual behavior. Oasis has raised about $195 million from investors including Accel, Craft Ventures, and Cyberstarts, TechCrunch reported.

In a post announcing the deal, Brickman wrote that Oasis would keep its existing team and product roadmap after the acquisition closes. “Nothing you depend on stops,” he wrote to customers. “The Oasis Platform continues, the team you work with stays focused on non-human identity and agentic access, and the roadmap keeps moving, now with more muscle behind it.” Globes reported that Oasis will operate as an independent unit inside Cyera once the deal is finalized.

A Bet on the Non-Human Identity Boom

Cyera has built its business on data security posture management, helping enterprises map what sensitive data they hold and who can reach it. In its own announcement, the company said non-human identities inside Fortune 500 companies grew nearly 500 percent over the past six months and are now the fastest-growing identity type inside the enterprise. Brickman cited Gartner research predicting that the average global Fortune 500 company will run more than 150,000 AI agents by 2028, up from fewer than 15 in 2025.

Cyera CEO Yotam Segev framed the acquisition as closing the gap between knowing where sensitive data lives and controlling who or what can reach it. “Knowing your data isn’t enough if you can’t govern who or what touches it,” he wrote. “Knowing your identities isn’t enough if you don’t know what they can see.”

Cyera’s Acquisition Spree Continues

Cyera has acquired Ryft and Genie Security earlier this year, according to TechCrunch, making Oasis its third 2026 deal. Cyera closed a $600 million funding round in June at a $12 billion valuation and has now raised roughly $2.3 billion in total. TechCrunch reported last month that Cyera has surpassed $150 million in annual recurring revenue but is far from profitable.

Once the acquisition closes, Cyera plans to fold Oasis’s non-human identity governance into its existing data security platform, giving customers a single system to see what sensitive data exists, how exposed it is, and which humans, machines, or AI agents can reach it.