Snowflake marked a key moment in enterprise AI with the release of its Cortex AI Gateway, integrating seven identity partners at launch. This move highlights the rapid shift toward agent interoperability, where identity and security at the tool-call level are essential.
In just 72 hours at the end of July 2026, the agent identity space saw intense activity: alongside Snowflake's launch, Cyera acquired Oasis for $1 billion and Okta bought Permiso for approximately $200 million. This flurry of deals signals that agent identity is now a critical foundation, not an optional feature, for deploying production-grade autonomous systems.
Snowflake’s $1.33 billion quarterly product revenue backs its push to transform the Model Context Protocol (MCP) gateway from a niche security tool into a horizontal infrastructure layer. The gateway supports complex multi-agent workflows by enforcing strict identity, policy, and audit controls, positioning the agent as a central figure in enterprise security.
The ecosystem is crowded with players like MintMCP, TrueFoundry, Lunar.dev, and Kong competing to define agent orchestration standards. Their varied approaches to managing MCP servers and third-party AI integrations point to a growing need for centralized infrastructure to handle the expanding agent landscape.
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