Reco raises $55M in Series C funding with AT&T Ventures, Forestay, and Quadrille Capital

WHAT HAPPENED

Reco raised $55 million in Series C funding from AT&T Ventures, Forestay, and Quadrille Capital. The company has repositioned its platform to focus on AI agent security, moving beyond its original focus on SaaS and AI platform mapping.

WHO IS INVOLVED

Reco, led by co-founder and CEO Ofer Klein, serves over 100 customers including Fortune 100 companies and financial services firms that account for 40% of its business. AT&T, a customer of Reco, led the investment round alongside Forestay and Quadrille Capital.

WHY IT MATTERS

Enterprises are deploying thousands of untracked AI agents across their networks, creating significant security risks. Reco's platform uses a context graph to identify unauthorized agents and control their access to data and applications, addressing urgent demand for agent security as the startup found 21,000 unknown agents at one Fortune 100 customer.

How it compares

Smaller than 64% of the 69 Series C rounds on the Mandos record since 2023.

Read more

• techcrunch.com ↗
• en.globes.co.il ↗
• enterprisetimes.co.uk ↗
• thecyberwire.com ↗