The Pulse
Reco Raises $55M as AI-Agent Security Vendors Multiply
Reco raised $55 million from AT&T Ventures, Forestay and Quadrille Capital, bringing its total funding to $140 million. The company is pitching tools to track AI agents’ access across enterprise systems as at least two dozen vendors target
AI.info Team · Written with AI ·
“The market demand right now for agent security is not only about the agent itself; it’s about the entire ecosystem end-to-end.”
Ofer Klein, co-founder and CEO of Reco, speaking to TechCrunch
$55 million for a wider security pitch
Reco announced the $55 million funding extension on September 29, bringing its total capital raised to $140 million. AT&T Ventures made a strategic investment, with Forestay and Quadrille Capital also participating. AT&T is both a Reco customer and an investor, according to the company’s funding announcement.
The New York-based startup plans to put the new money toward sales, partnerships, channels and customer support. The investment follows a $30 million Series B announced in February, TechCrunch reported. Reco did not disclose the terms of the new financing.
The raise lands as companies build security products around the agents they are adding to workplace software. TechCrunch found at least two dozen companies selling some form of AI-agent security, with offerings that span tool vetting, data-access controls, device-level detection and discovery of unauthorized AI use.
Reco tracks agents across apps and permissions
Reco previously focused on mapping and securing SaaS and AI platforms. It has repositioned around a context graph that connects agents with apps, people, accounts and permissions, giving security teams a way to see what systems an agent can reach and remove access it does not need.
The company says its platform found 21,000 agents that one Fortune 100 customer did not know it had. At a financial-services customer, Reco said it identified an agent set up by a former employee that could access Salesforce and share data with a domain the company could not see. Those examples come from Reco’s reporting to TechCrunch, not independently published incident findings.
Reco says its platform integrates with more than 280 apps and can add new integrations within days. CEO Ofer Klein also told TechCrunch that the product uses browser and network signals to find agents beyond the applications Reco connects to directly, and can inspect prompts and tool calls.
Funding follows reported customer growth
Klein told TechCrunch that Reco’s valuation had more than doubled since its February Series B, putting it in the “high hundreds of millions” of dollars, though he did not give a precise figure. He described annual recurring revenue as in the double-digit millions and said he expected it to triple this year. The company has more than 100 customers, with financial-services firms accounting for about 40% of its business, he told the publication.
Those figures frame the investment as a bet on Reco’s expansion, but the crowded field puts the company’s differentiation under pressure. TechCrunch notes that rival products vary, yet many make similar promises: find agents, monitor their activity and govern access to tools and data.
The hard part is proving control works
Reco’s pitch is that agents cannot be secured by inspecting each one in isolation. Their access may run through application permissions, accounts and connected workflows, so an overlooked identity or integration can create paths into systems a security team did not intend to expose. The company’s graph-based approach aims to map those relationships and let customers revoke risky access.
Its funding announcement backs that pitch with a claim of enterprise demand, while the scale of the vendor count shows buyers have many products to assess. The practical test for Reco is whether its discovery and access controls can show security teams which agents matter, what they can reach and whether unwanted access can be cut off. The round gives the company $55 million more to sell that proposition.