Reco Raises $55 Million as Enterprises Struggle to Secure Growing AI Agent Networks

Enterprises are deploying AI agents faster than security teams can track them, creating opportunities for vendors promising to bring those systems under control.

Reco is the latest startup to attract fresh investment into that market. The company announced Tuesday that it raised $55 million, extending the $30 million Series B it disclosed in February. The financing brings its total capital raised to $140 million.

AT&T, which is also a Reco customer, participated through its venture arm alongside Forestay and Quadrille Capital. Reco plans to spend the funding on hiring, sales, partnerships and customer support.

Reco Expands From SaaS Security Into Agent Oversight

Until last year, Reco primarily sold software that mapped and secured SaaS applications and AI platforms. It has since broadened its offering to address the growing number of agents operating across enterprise systems.

Its platform uses a context graph to connect agents with applications, people, accounts and permissions. Those relationships help security teams understand which resources an agent can access and remove permissions it does not need.

Reco co-founder and CEO Ofer Klein told TechCrunch that the shift reflects how quickly companies are building and deploying agents. Security teams increasingly need visibility into the surrounding applications, identities and data connections, alongside the agents themselves.

That wider view matters because an agent’s potential exposure depends on the accounts and tools it uses. An overlooked connection can leave sensitive information accessible even after the employee who created it has departed.

Customer Findings Highlight Gaps in Visibility

Klein said Reco discovered 21,000 agents that one Fortune 100 customer did not know existed.

At a large financial services company, Reco also claims it identified an agent created by a former employee that retained access to Salesforce. The agent could share information with a domain the customer lacked visibility into.

Other security vendors report similar problems. HiddenLayer CEO Chris Sestito recently told TechCrunch that more than 50 customers had production agents interacting with critical systems and sensitive assets.

Cymphony, meanwhile, said it found approximately 85,000 files accessible to AI tools and agents at one publicly traded U.S. company.

These are vendor-reported findings, but they illustrate the visibility and access-control gaps that security providers are targeting.

A Crowded Market Competes for Enterprise Budgets

At least two dozen companies sell some form of AI agent security, based on public Crunchbase and PitchBook profiles cited in the original report.

Their approaches vary. Some assess the tools and add-ons agents use, while others manage data access, detect suspicious activity on devices or uncover unapproved AI usage.

Despite those differences, many products make similar promises around agent discovery, continuous monitoring, runtime protection and tool governance.

Reco’s proposed advantage is its existing coverage of enterprise software. It integrates with more than 280 applications, and Klein said additional integrations can be built within days.

The company also uses browser and network signals to discover agents beyond directly connected applications. Its controls include inspecting prompts and tool calls.

Revenue Growth Supports Reco’s Expansion

Reco has more than 100 customers, with financial services companies accounting for approximately 40% of its business.

Klein said annual recurring revenue is in the double-digit millions of dollars and that he expects it to triple this year. He also said Reco’s valuation has more than doubled since February, placing it broadly in the high hundreds of millions without disclosing an exact figure.

The new investment gives Reco more resources to expand as enterprises seek clearer oversight of their growing agent deployments—and decide which security providers can deliver it.