Cyera to buy nonhuman identity startup Oasis Security for a reported $1B
Data security company Cyera Ltd. revealed today that it is set to acquire nonhuman identity management startup Oasis Security Ltd. in a deal Israeli media report is worth about $1 billion.
Neither company disclosed terms. Calcalist put the price at roughly $700 million in cash, with the rest paid in Cyera shares. Globes reported that the two have signed a letter of intent and that Oasis will run as an independent unit inside Cyera once the deal closes.
Oasis Chief Executive Danny Brickman and Amit Zimerman started Oasis in 2022. Both are alumni of Israeli military intelligence Unit 81. The company sells tooling that inventories and polices the credentials machines use to sign in to corporate systems. Service accounts, application programming interfaces, bots and workloads all authenticate with no person behind them, and Oasis maps what each one is able to reach. Dormant accounts get flagged. So do over-broad permissions and badly configured credentials. The platform can rotate or retire those credentials without a human in the loop.
That problem has grown considerably as enterprises hand work to autonomous agents. Cyera said nonhuman identities inside Fortune 500 companies grew nearly 500% over the past six months and are now the fastest-growing identity type in the enterprise.
