Reco raises $55M as AI agent security market crowds — SkimNews
Get the Tech newsletter
Daily tech — startups, AI labs, chips, the launches that shape the next decade. Free.
- Reco raised a $55 million extension round on top of its $30 million Series B from February, with AT&T's venture arm, Forestay, and Quadrille Capital participating; total capital raised now stands at $140 million.
- Reco CEO Ofer Klein said the company's valuation has "more than doubled" since February, placing it in the "high hundreds of millions," with annual recurring revenue in the "double-digit millions" that he expects to triple this year.
- Reco has more than 100 customers — financial services accounts for about 40% — and has repositioned from mapping SaaS/AI platforms to a broader agent security platform built on a "context graph" that links agents to apps, people, accounts, and permissions.
- Reco's platform discovered 21,000 agents one Fortune 100 customer didn't know about, and at a large financial services client identified an agent set up by an ex-employee that could reach Salesforce and exfiltrate data to an outside domain.
- HiddenLayer CEO Chris Sestito told the outlet that agent risk shifts from theoretical to "full scale really quickly" once agents hit production, with over 50 of his customers running AI agents against critical systems.
- Cymphony said it found roughly 85,000 files exposed to AI tools and agents at a single U.S. public company.
- At least two dozen vendors — including CrowdStrike — now sell some form of AI agent security, pitching overlapping capabilities like knowledge graphs, continuous monitoring, runtime security, tool-access controls, and MCP vetting.
Why it matters: Reco's more-than-doubled valuation and the willingness of a Fortune 100 customer like AT&T to invest show that agent security is now a board-level budget line, not a niche — but with two dozen vendors making nearly identical discovery-and-governance promises, customers will quickly separate platforms with real telemetry (Reco claims 280 app integrations) from those repackaging older SaaS security branding around the AI agent buzz.
Ask SkimNews
