AIBRIEF
Oasis sells non human identity software that issues credentials and sets permissions for bots and AI assistants across AWS, Azure, Salesforce, and ChatGPT. It is the missing half of Cyera's data security platform.
Cyera has agreed to acquire Oasis Security for about $1 billion, mostly in cash with the balance in Cyera shares, per TechCrunch. The deal is a letter of intent, not a closed transaction; final terms still hinge on a definitive agreement.
Oasis, founded in 2022, sells non-human identity software: it issues credentials, sets permissions, and monitors AI agents and bots logging into corporate systems across AWS, Azure, BigQuery, GitHub, ChatGPT, Salesforce, Office 365, and Copilot. Cyera's agentic-enterprise platform protects the data those agents touch. Oasis governs the agents themselves.
The price tags Oasis as a category bet. Oasis has raised about $195 million from Accel, Craft Ventures, and Cyberstarts. Cyera, which raised $600 million at a $12 billion valuation earlier this year, has crossed $150 million in annual recurring revenue but is not yet profitable. Cyera and Oasis share two of those investors, Accel and Cyberstarts. That board overlap will need to be disclosed in the deal.
Cyera has been on a tear: it recently acquired Index Ventures–backed Ryft and the less-than-one-year-old Genie Security. The Oasis LOI is the largest of the three and the one that puts a name on a subsegment, non-human identity, that is quickly becoming table stakes for enterprise security.