Cyera Oasis acquisition aims to secure enterprise AI agents

The Cyera Oasis acquisition is intended to merge data-security controls with identity and access management for enterprise artificial intelligence agents, Cyera said Tuesday. The Wall Street Journal reported that Cyera agreed to buy Oasis Security for $1 billion, with the companies expecting the transaction to close later this year.

Cyera said in a blog post that the deal is part of its plan to build a single security platform that can determine what AI agents are allowed to view and do inside corporate systems. Oasis Security, in a separate post, said the combined company will address risks created as businesses deploy more AI agents into operational workflows.

What is Cyera buying Oasis Security to do?

Cyera said Oasis brings an access management platform built for what it calls agentic enterprises. The buyer said it will combine that capability with Cyera’s tools for identifying what data a company holds, how sensitive it is, who can access it and who approved that access.

AI agents are software systems designed to take actions on behalf of users or organizations, rather than only generating responses. In a corporate setting, that can create security exposure if an agent receives excessive permissions, reaches sensitive information or takes an action that disrupts operations.

Yotam Segev, Cyera’s co-founder and chief executive, said in the company’s post that human, machine and agent identities each represent possible points of exposure. He said Cyera is building a model that brings data and identity into one system so that each agent is trusted with only the data it should be able to reach.

Oasis Security co-founder and chief executive Danny Brickman said in the company’s post that the companies are seeking to go beyond preventing an agent from accessing the wrong data. He said the goal is to help enterprises automate critical work without allowing a wrong decision to interrupt the business.

Why the deal comes as AI security spending rises

The transaction follows a sharp increase in Cyera’s reported valuation. In June, Cyera said it raised $600 million in a funding round that valued the company at $12 billion. In January, the company was valued at $9 billion in a $400 million round, according to PYMNTS.

PYMNTS reported in January that investors were seeing near-term demand for tools tied to the expansion of production AI systems inside enterprises. Those areas included managing computing constraints, governing sensitive data and applying AI to workflows connected to revenue generation.

The proposed acquisition places identity controls at the center of that security demand. Traditional data-security tools focus on locating and classifying sensitive information, while access management determines which users or systems can reach particular resources. Cyera said the combination is meant to let companies apply both views to AI agents as they become more embedded in business processes.

The companies did not disclose the deal value in their own blog posts. The $1 billion figure and expected closing timeline were reported by The Wall Street Journal.

This story draws on original reporting from PYMNTS.