DistantNews
Support us
Cyera to acquire Israeli AI startup Oasis Security in $1 billion deal
🇵🇸 Palestine /Technology

Cyera to acquire Israeli AI startup Oasis Security in $1 billion deal

From Times of Israel · () English

Summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • Data security company Cyera has announced its agreement to acquire Israeli AI startup Oasis Security for $1 billion.
  • The acquisition aims to enhance Cyera's platform by integrating data protection with Oasis's technology for securing non-human identities, crucial as AI agents become more prevalent.
  • Oasis Security, founded in 2022, focuses on managing and securing machine identities, a growing concern in the AI era due to increased data risks.

Israeli-founded data security unicorn Cyera has announced its intention to acquire local cybersecurity startup Oasis Security in a $1 billion deal. This strategic acquisition is designed to significantly bolster Cyera's data security platform by integrating its existing capabilities with Oasis's specialized technology for managing and securing non-human identities.

From day one, we recognized that non-human identities would become one of the key security challenges of the AI ​​era.

— Danny BrickmanStating the foundational motivation behind Oasis Security's creation.

The move comes as companies increasingly integrate artificial intelligence agents and autonomous tools into their software systems and workflows. This rapid adoption of AI escalates risks such as data leakage. Oasis Security, established in 2022 by CEO Danny Brickman and CPO Amit Zimerman, both veterans of an elite IDF technological unit, was founded to address the growing challenge of securing machine identities. Their platform helps organizations discover, manage, and control access for non-human accounts, anticipating a future where these entities will outnumber human users.

While Cyera redefined data security, we redefined identity governance for the AI ​​age.

— Danny BrickmanPositioning Oasis Security's role in the evolving landscape of AI security.

Oasis Security has garnered substantial backing from venture capital firms like Accel, Cyberstarts, Sequoia Capital, and Craft Ventures, raising over $195 million to date. Brickman highlighted the foresight of Oasis's founding, stating, "From day one, we recognized that non-human identities would become one of the key security challenges of the AI era." He added, "While Cyera redefined data security, we redefined identity governance for the AI age."

The old security model was built for humans, not machines, and AI agents are breaking whatever access controls are left.

— Yotam SegevExplaining the limitations of traditional security models in the context of AI agents.

Cyera itself was founded in 2021 by Yotam Segev and Tamar Bar-Ilan, who met during their military service. They developed a unified data security platform to provide businesses with a comprehensive view of their data's location, usage, and security. Segev emphasized the inadequacy of traditional security models in the face of AI agents, noting, "The old security model was built for humans, not machines, and AI agents are breaking whatever access controls are left." He further stated, "The AI era is transforming how organizations protect their data as AI agents are arriving faster than teams can govern them."

The AI ​​era is transforming how organizations protect their data as AI agents are arriving faster than teams can govern them.

— Yotam SegevHighlighting the rapid pace of AI adoption and the challenges it poses for data security.
DistantNews Editorial

Originally published by Times of Israel. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.

More Stories

From Our Blog