Cyera, a company focused on data security, has officially entered into an agreement to acquire Oasis Security, an Israeli startup. The transaction is valued at $1 billion. Oasis Security is known for developing technology that manages non-human identities, such as AI agents and service accounts. As businesses increasingly integrate autonomous tools into their workflows, the ability to manage and secure these non-human identities has become a critical component of enterprise cybersecurity.

The acquisition reflects a broader trend in the tech industry where companies are prioritizing the security of automated systems. By integrating Oasis Security’s platform, Cyera aims to provide businesses with better control over the risks associated with the rapid adoption of AI and other autonomous technologies. While the financial terms were reported as a $1 billion deal, the companies have not yet released specific details regarding the integration timeline or the future of the Oasis Security workforce. This move positions Cyera to expand its footprint in the identity and access management sector, specifically addressing the unique security challenges posed by the proliferation of machine-to-machine interactions in corporate environments.