Cyera in advanced negotiations to acquire Oasis Security for over $1 billion
Fresh off a $600 million funding round, the Israeli cybersecurity unicorn is accelerating its acquisition strategy.
Cybersecurity unicorn Cyera, which recently raised $600 million at a $12 billion valuation, is in talks to acquire Israeli cybersecurity startup Oasis Security. Negotiations are in advanced stages, and the acquisition is expected to be valued at over $1 billion. To date, Cyera has raised approximately $2.3 billion.
Cyera was founded in 2021 by Yotam Segev, the company's CEO, and Tamar Bar-Ilan, its CTO. Both are graduates of Israel's Talpiot program and veterans of Unit 8200.
Oasis Security has raised approximately $195 million since its founding in 2022, including a $120 million Series B led by Craft Ventures, with participation from existing investors Cyberstarts, Sequoia Capital, and Accel, in March of this year.
The company, founded by Danny Brickman and Amit Zimerman, develops what it calls “agentic access management,” a framework designed for a computing environment where machine identities vastly outnumber human users.
Cyera's recent $600 million funding round is expected to help finance the acquisition, alongside supporting the continued expansion of its AI-powered cybersecurity platform.
Although Cyera is privately held and does not disclose its financial results, the company is estimated to generate more than $200 million in annual recurring revenue (ARR). The rapid growth in demand for AI security solutions has fueled its expansion, with Cyera reportedly tripling its ARR for three consecutive years.
Over the past 18 months, the company has grown to more than 1,500 employees across 18 countries. Cyera has gone on an acquisition spree in recent months. In May, it acquired Israeli startup Genie Security for an estimated $50 million. Just a month earlier, Cyera purchased Israeli startup Ryft, another young company founded in 2024 with only 15 employees, acquired for an estimated $100 million. Combined with earlier acquisitions, including Trail Security for $162 million, as well as Otterize and Shape AI, Cyera has rapidly expanded its operations.
Cyera's customers include Paramount, Chipotle, Valvoline, Hollister, and DocuSign, among others.
