Israeli unicorn Cyera to buy Oasis Security for $1 billion
The cybersecurity company, founded by two IDF Unit 8200 veterans, will acquire the fellow Israeli startup in cash and stock.
Israeli cybersecurity unicorn Cyera announced its intent to acquire fellow Israeli startup Oasis Security for $1 billion in cash and stock. Cyera, founded by IDF Unit 8200 veterans Yotam Segev and Tamar Bar-Ilan, will pay approximately $700 million in cash and the remainder in shares. This acquisition aims to integrate identity and data security into a unified platform, addressing a significant increase in non-human identities within enterprises. Cyera CEO Yotam Segev stated the deal will secure the "agentic enterprise," noting a nearly 500% surge in non-human identities in Fortune 500 companies recently. Oasis Security, specializing in non-human identity and AI agent access management, will operate as an independent unit within Cyera post-acquisition.
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