Reco, an AI security startup, announced on Tuesday that it has secured $55 million in additional funding to expand its product from mapping and securing SaaS and AI platforms to discovering and governing AI agents across corporate environments.
Why the shift?
Ofer Klein, Reco’s co‑founder and CEO, says the trigger for broadening the company’s scope over the past year was that organizations are building and deploying AI agents faster than they can track them. At one Fortune 100 customer, Reco’s platform discovered 21,000 agents the company did not know existed. At a large financial services customer, Reco says it identified an agent created by an ex‑employee that could access Salesforce and share data with a domain the company could not see.
Klein argues that market demand for agent security extends beyond protecting individual agents — customers want visibility and governance over the whole agent ecosystem end‑to‑end.
The problem vendors are trying to solve
As AI agents proliferate, a range of vendors has emerged offering various approaches to secure them. Some check the tools agents use, others control what data agents can reach, some build detection and response controls on the endpoints where agents run (for example, CrowdStrike), and others focus on discovering and stopping unapproved AI usage. Typical feature claims include knowledge graphs, continuous monitoring, runtime security, tool access controls and MCP vetting.
How Reco approaches agent security
Until last year Reco primarily sold software to map and secure SaaS and AI platforms. The company has repositioned its offering around a context graph that links agents to apps, people, accounts and permissions, enabling security teams to see what an agent can reach and to cut off unnecessary access.
Reco currently integrates with more than 280 apps and says new integrations can be added within days. The platform uses browser and network signals to detect agents that operate outside of directly connected apps inside a company, and it offers controls to inspect prompts and tool calls.
Market signals and competitors
Other security founders warn of urgency as agents enter production. Chris Sestito, co‑founder and CEO of HiddenLayer, said earlier this month that once agents reach production the scale of cost and risk moves quickly from theoretical to real; more than 50 of HiddenLayer’s customers have AI agents in production that touch critical systems and sensitive assets. Cymphony reported finding roughly 85,000 files accessible to AI tools and agents at one U.S. public company.
Funding, customers and financials
The $55 million extension builds on a $30 million Series B announced in February. Investors in the new round include AT&T (via its venture arm), Forestay and Quadrille Capital. After the latest raise Reco has amassed $140 million in total capital.
Klein said the company’s valuation has “more than doubled” since the Series B announcement and estimated it in the “high hundreds of millions,” but did not provide a precise figure. Reco’s annual recurring revenue (ARR) is currently in the “double‑digit millions,” and the company expects it to triple this year. The startup has more than 100 customers, with financial services companies representing roughly 40% of revenue.
Use of proceeds
Reco plans to deploy the new funding for hiring, sales, partnerships and customer support.
