Cyera agrees to acquire Oasis Security for $1 billion

According to Techcrunch, AI data security company Cyera has signed a letter of intent to acquire Oasis Security for approximately $1 billion, with the transaction being paid in cash and Cyera shares. Cyera recently completed a $600 million financing at a valuation of $12 billion. Oasis Security was founded in 2022 and has raised approximately $195 million in cumulative funding from investors including Accel, Craft Ventures, and Cyberstarts. Cyra plans to integrate Oasis Security technology into a unified identity and data security platform.