Cyera agrees to buy Oasis Security for $1B

Cyera signed a letter of intent to acquire agent-identity specialist Oasis Security for about $1 billion, mostly in cash with the remainder in Cyera shares. Oasis had raised roughly $195 million, while Cyera recently passed $150 million in annual recurring revenue and plans to combine Oasis’s non-human identity controls with its data-security platform. Builders following the shift from agent security tests to enforcement infrastructure should file away the price: permissions for software actors are becoming a billion-dollar control plane.