Craft Ventures

Cyera Agrees to Acquire Oasis Security for $1B

Cyera, a data security company that recently raised $600 million at a $12 billion valuation, signed a letter of intent to acquire Oasis Security for approximately $1 billion, to be paid mostly in cash with some Cyera shares. Oasis, founded in 2022, focuses on non-human identities — primarily AI agents — and has raised about $195 million from investors including Accel, Craft Ventures and Cyberstarts. Cyera, which shares some investors with Oasis, has made recent acquisitions such as Ryft and Genie Security and plans to integrate Oasis’s technology into a unified identity and data security platform. Cyera has surpassed $150 million in ARR but remains unprofitable and has raised roughly $2.3 billion to date.

White House Dictates Access to Frontier AI Models

The Trump administration has started dictating which companies and entities can access the latest frontier AI models, shifting control previously held by developers like Anthropic and OpenAI. The White House launched a program called "Gold Eagle," a clearinghouse to collaborate with the private sector on cybersecurity vulnerabilities and to greenlight partner access to powerful models. The administration previously blocked access to Anthropic’s Mythos 5 and Fable 5 over national security concerns before reinstating access after negotiations; OpenAI limited new model access to "trusted partners" at the government's request. The moves follow a June executive order asking voluntary early access for government testing and come as international competitors such as China’s Moonshot AI narrow the performance gap.

Unframe Raises $50M Series B for Enterprise AI

Unframe, an enterprise AI start-up co-founded by German entrepreneur Larissa Schneider, closed a $50 million Series B led by Highland Europe to fund international expansion and product development. Founded in spring 2024 and headquartered in Cupertino with R&D in Tel Aviv and operations managed from Berlin, Unframe says it reached more than $100 million in contracted business within its first 12 months. The company, whose founders also include CEO Shay Levy and co-founder Adi Azarya, plans to double headcount from about 150 to 300 and expects ARR to grow five- to sixfold this year. investors that participated again include Bessemer Ventures, Craft Ventures, TLV, Third Point, Cerca and Vintage, bringing total funding to roughly $100 million to date.