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Reco takes $55 million into an agent security market where two dozen vendors sound alike

Reco, whose software maps what AI agents can reach and cuts unneeded access, added $55 million in a field of at least two dozen rivals. Their pitches share one vocabulary, so a buyer has to compare what each product does once it finds an agent.

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What happened

  • Until last year Reco mostly sold software to map and secure SaaS and AI platforms, before repositioning its product around AI agents.
  • AT&T, a Reco customer, invested in the extension through its venture arm, as did Forestay and Quadrille Capital.
  • CEO Ofer Klein said the valuation has more than doubled since the February Series B and put it in the high hundreds of millions, without giving specifics.
  • Annual recurring revenue is in the double-digit millions of dollars, Klein said, and he expects it to triple this year.

Why it matters

  • Who has to decide decision Feature grids that repeat the same terms tell a buyer little about these vendors, so the comparison has to be a test against agents running in the buyer's own systems.
  • Who's exposed exposure Closing a departing employee's accounts can leave the agents they built with their access intact, so the agent inventory belongs in the offboarding process.
  • What it sets up precedent Reco's move from SaaS security into agents makes it likely that tools a company already pays for will also start pitching agent coverage, adding to the shortlist.

Reco says that at a large financial services customer it found an agent a former employee had set up. The agent could still reach Salesforce and share that data with a domain the company could not see [21]. The example is Reco's own, and the customer is unnamed. For the security team, finding that agent is the first task. Removing its access is the second.

TechCrunch based its count of vendors on public Crunchbase and PitchBook profiles [7]. The products do different jobs. Some vet the tools agents use, some control which data agents can reach, some look for unapproved AI use, and CrowdStrike is among those building detection and response on the devices agents run on [8]. The products differ, but the promises share a word list: knowledge graphs, continuous monitoring, runtime security, tool access, MCP vetting [9].

Here's what teams tell themselves users do: ask before they build an agent. Here's what users actually do, going by the vendors' own counts. Klein said companies are building and deploying agents faster than they can keep track of [10]. He also said Reco's platform found 21,000 agents at one Fortune 100 customer that the company did not know about [22]. Cymphony said it found about 85,000 files open to AI tools and agents at one U.S. public company [16]. HiddenLayer CEO Chris Sestito said more than 50 of his customers have agents in production touching critical systems and sensitive assets [15]. All of these figures come from companies that sell the remedy.

Reco's graph ties each agent to the apps, people, accounts and permissions around it [2]. It builds that picture from direct integrations with more than 280 apps, and Klein says new ones can be added within days [13]. For agents outside those apps it uses browser and network signals, and it has controls to inspect prompts and tool calls [14]. "The market demand right now for agent security is not only about the agent itself; it's about the entire ecosystem end-to-end," Klein told TechCrunch [11].

Reco's buyers so far skew toward banks and insurers. It has more than 100 customers, and financial services accounts for about 40% of the business [17]. Investors have moved fast too. Of the $140 million Reco has raised in total [5], $85 million came from the February Series B and this extension [3][18], about 61% [19].

A shortlist can be sorted on two axes. The first is where a tool sees agents: inside apps through integrations, or from signals on the device, browser and network. The second is what the tool does after a find: report the agent, or cut its access. Reco says it uses both integrations and outside signals, and that it can cut access [2][14]. The forcing test is the ex-employee case, run in the buyer's own environment, counting the agents that lost access and the hours from discovery to cutoff. A discovery total only measures the scan. In my view the better pick is the tool that can cut access in the apps a company already runs. The tradeoff is that an integration-first product's direct view ends at its integration list, and anything beyond that depends on browser and network signals [13][14].

What to watch

  • Whether Reco's annual recurring revenue triples this year, as Klein expects.
  • A named Reco customer reporting how many discovered agents lost access after a scan, and how quickly.
  • Whether device-focused vendors such as CrowdStrike add controls that cut agent permissions inside SaaS apps.

Clarity's read

What the record supports and how the coverage leans. The claims behind it follow.

Reality

Evidence55
Adoption40
Hype gap+30
Incentives70
Confidence60

Perspective Coverage

6 publishers
Builder
Builder 24%
Operator
Operator 36%
Investor
Investor 40%
Why these scores

Claim ledger

Ranked by verification strength, evidence, and original report placement.

  1. [1]

    Until last year, Reco was mostly selling software to map and secure SaaS and AI platforms.

    Reported Supported Source: TechCrunchView cited source
  2. [2]

    Reco has repositioned around a context graph that connects agents to apps, people, accounts and permissions, letting security teams see what an agent can reach and cut off access it does not need.

    Reported Supported Source: TechCrunch, describing Reco's productView cited source
  3. [3]

    Reco said on Tuesday it raised $55 million, building on a $30 million Series B in February.

    Reported Supported Source: RecoView cited source
  4. [4]

    AT&T, a Reco customer, invested in the extension through its venture arm, as did Forestay and Quadrille Capital.

    Reported Supported Source: TechCrunchView cited source
  5. [5]

    The new funding brings Reco's total capital raised to $140 million.

    Reported Supported Source: TechCrunchView cited source
  6. [6]

    Some AI security vendors are updating their products to join the agent security market, and Reco is one example.

    Reported Supported Source: TechCrunchView cited source
  7. [7]

    Public Crunchbase and PitchBook profiles show at least two dozen companies selling some form of AI agent security.

    Reported Supported Source: TechCrunch's own countView cited source
  8. [8]

    Some AI agent security vendors vet the tools agents use, others help companies control what data agents can reach, others such as CrowdStrike build detection and response controls on the devices agents run on, and others focus on finding and resolving unapproved AI usage.

    Reported Supported Source: TechCrunchView cited source
  9. [9]

    The products differ, but vendors' promises to discover and govern agents sound similar, involving knowledge graphs, continuous monitoring, runtime security, tool access and MCP vetting.

    Reported Supported Source: TechCrunchView cited source
  10. [10]

    Klein said the biggest change prompting Reco to broaden its scope was that companies are building and deploying AI agents faster than they can keep track of.

    Reported Supported Source: Ofer Klein, Reco co-founder and CEOView cited source
  11. [11]

    "The market demand right now for agent security is not only about the agent itself; it's about the entire ecosystem end-to-end,"

    Reported Supported Source: Ofer Klein, told TechCrunchView cited source
  12. [12]

    Klein said Reco's valuation has more than doubled since the Series B was announced in February and estimated it in the high hundreds of millions, without sharing specifics.

    Reported Supported Source: Ofer KleinView cited source
  13. [13]

    Reco integrates with more than 280 apps, and Klein says new integrations can be added within days.

    Reported Supported Source: TechCrunch; Ofer Klein on integration speedView cited source
  14. [14]

    Klein said the platform uses browser and network signals to find agents outside the apps it connects to directly, and it has controls to inspect prompts and tool calls.

    Reported Supported Source: Ofer KleinView cited source
  15. [15]

    HiddenLayer co-founder and CEO Chris Sestito said over 50 of his customers have AI agents in production touching critical systems and sensitive assets.

    Reported Supported Source: Chris Sestito, HiddenLayerView cited source
  16. [16]

    Cymphony said that at one U.S. public company it found about 85,000 files that had become accessible to AI tools and agents.

    Reported Supported Source: CymphonyView cited source
  17. [17]

    Reco has more than 100 customers, and financial services companies account for about 40% of the business.

    Reported Supported Source: TechCrunch, from RecoView cited source
  18. [18]

    Reco has raised $85 million since February, across the Series B and the extension.

    Derived Supported
  19. [19]

    About 61% of Reco's total funding came in the February Series B and the extension.

    Derived Supported
  20. [20]

    Klein said Reco's annual recurring revenue is in the double-digit millions of dollars and that he expects it to triple this year.

    Reported Insufficient Source: Ofer KleinView cited source
  21. [21]

    Reco claims that at a large financial services customer it identified an agent set up by an ex-employee that could access Salesforce and share that data with a domain the company couldn't see.

    Reported Insufficient Source: Reco, single-sourcedView cited source
  22. [22]

    Klein said that at one of Reco's Fortune 100 customers, its platform found 21,000 agents the company didn't know about.

    Reported Insufficient Source: Ofer Klein, single-sourcedView cited source

Sources

6 independent publishers whose own reporting we read for this story.

  1. calcalistech.com

    1 article · September 29, 2026

    Reco raises $55 million with AT&T backing to secure AI agents | Ctech
  2. en.globes.co.il

    1 article · September 29, 2026

    Israeli AI agent security co Reco raises $50m - Globes
  3. fintech.global

    1 article · September 29, 2026

    Reco raises $55m to secure the agentic enterprise
  4. securityweek.com

    1 article · September 29, 2026

    Reco Raises $55 Million for Agentic Security - SecurityWeek
  5. techcrunch.com

    2 articles · September 29, 2026

    Reco raises $55M as AI agent security startups crowd the market
  6. thesaasnews.com

    1 article · October 1, 2026

    Reco Raises $55M in Funding

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