Reco raises $50M to secure enterprise AI agents, with AT&T backing
What's the deal? Cybersecurity company Reco has raised $50 million in a Series C round, including a strategic investment from AT&T VenturesDealroom has a profile for this one. Try Dealroom →, as enterprises deploy more AI agents across their systems. The round brings Reco's total funding to $135 million.
Who's in? New backers AT&TDealroom has a profile for this one. Try Dealroom → Ventures, ForestayDealroom has a profile for this one. Try Dealroom →, and Quadrille CapitalDealroom has a profile for this one. Try Dealroom → join existing investors including Insight Partners, Boldstart Ventures, Workday VenturesDealroom has a profile for this one. Try Dealroom →, TIAA Ventures, and S VenturesDealroom has a profile for this one. Try Dealroom →. AT&T Ventures began as a Reco customer before becoming an investor. The company did not disclose its valuation but said it had risen significantly since the last round.
What does Reco do? Founded in 2020, the company works in agent security — protecting AI agents that connect to applications, identities, permissions, and organisational data, and can act autonomously in enterprise workflows. Its platform maps agents, apps, and users, then analyses permissions and activity to flag risks before they escalate.
Why now? Demand is rising as AI agents embed across applications, browsers, copilots, and automated workflows. Gartner predicts the average Fortune 500 company will run more than 150,000 agents by 2028, up from fewer than 15 in 2025.
Reco says its platform holds more than 280 application integrations and 1,000 detection controls, and connects with providers including OpenAI, Anthropic, Microsoft Copilot, Salesforce, ServiceNow, and Workday. It also maps how agents gain access — through OAuth grants, API connections, service accounts, browser sessions, and embedded AI features — letting security teams revoke risky permissions.
What's the endgame? The company will use the funding to expand sales, partnerships, channels, and customer support as large enterprises move from early projects toward wider agent deployments. Reco reports significant revenue growth and employs about 140 people, split evenly between Israel and the US.
In their words: "Agents are gaining access to business applications and data faster than many organizations can map or govern those connections," said Ofer Klein, chief executive officer and co-founder. "AT&T's participation as both a customer and strategic investor reflects the need for security that follows agents across enterprise ecosystems."
The signal: At $50 million, Reco's raise sits well above the typical funding round, a marker of how quickly capital is flowing into securing autonomous AI. As agents multiply inside enterprises, the tools to track and govern them are becoming their own market.
Read more: calcalistech.com
Image credit: Generated with Gemini
