Sierra acquires Oasis Security for $1 billion…expands AI agent security

Sierra has signed a letter of intent to acquire Oasis Security in a deal valued at about $1 billion.

The data security company plans to fold Oasis’s technology into its integrated identity and data security platform.

Oasis is a startup focused on securing AI agents and other non-human identities.

The deal reflects growing demand for AI-agent and non-human identity security, and faster platform consolidation in cyber.