Cyera, the Israeli data-security company, announced on Tuesday, July 28, that it has signed a letter of intent to acquire Oasis Security for approximately $1 billion. Calcalist reports the cash portion is estimated at around $700 million, with the remainder paid in Cyera shares. Per Globes, Oasis will operate as an independent unit inside Cyera once the deal closes. The transaction is subject to the signing of a binding agreement and the completion of closing conditions.
It is an all-Israeli deal, and Cyera's third of 2026. TechCrunch notes the company previously bought Index Ventures-backed Ryft and Genie Security, which was less than a year old.
What Oasis actually does
Oasis Security works on non-human identities — the service accounts, API keys, machine credentials and, increasingly, AI agents that authenticate into corporate systems without a person at the keyboard. The company calls its category "agentic access management."
In practice, that means finding non-human accounts an organization has lost track of, flagging over-broad permissions and badly configured credentials, and rotating or retiring those credentials without a human in the loop, according to SiliconANGLE.
The problem is scaling with agent adoption. Cyera says non-human identities inside Fortune 500 companies grew nearly 500% over the past six months and are now the fastest-growing identity type in the enterprise. That figure is the acquirer's own, not an independent measurement. Agent infrastructure has been scaling alongside it: Anthropic's Model Context Protocol passed 97 million installs as the default way agents plug into other software, and in June Google published an agentic resource-discovery spec backed by Microsoft, Nvidia and GitHub. Every one of those connections is an identity that has to be granted, scoped and eventually revoked. In June, fellow Israeli company Coralogix raised $200 million at a $1.6 billion valuation to monitor AI agents.
What Cyera is assembling
Cyera's existing platform finds and classifies sensitive data. Oasis governs who — or what — is allowed to reach it. Cyera says the combination lets customers manage data security, identities and AI agents through a single system.
"The AI era is changing the way organizations protect their information," Cyera co-founder and CEO Yotam Segev said in a statement carried by Globes. "Every security decision begins with an understanding of two things — what information needs to be protected and who or what wants to access it."
The two companies already share investors in Accel and Cyberstarts.
The two companies
Cyera was founded in 2021 by Segev and CTO Tamar Bar-Ilan, both graduates of Israel's Talpiot program and veterans of Unit 8200. It has raised roughly $2.3 billion, including a $600 million round in June at a $12 billion valuation that is expected to help fund this deal. TechCrunch reported in June that Cyera has passed $150 million in annual recurring revenue but remains well short of profitability. Calcalist puts the figure above $200 million.
Oasis Security was founded in 2022 by CEO Danny Brickman and CPO Amit Zimerman, who both served in IDF intelligence Unit 81. It has raised about $195 million, including a $120 million Series B led by Craft Ventures in March of this year with participation from Cyberstarts, Sequoia Capital and Accel.
Source: TechCrunch, Calcalist, Globes, and SiliconANGLE.
Comments