Reco raises $55 million as agent security demand grows

Reco's move follows a year in which companies began building and deploying AI agents faster than they could track them. Ofer Klein, Reco's co-founder and CEO, said the biggest change driving the startup's broader scope was exactly that gap: at one Fortune 100 customer, Reco's platform found 21,000 agents the company did not know about, and at a large financial services customer it identified an agent set up by an ex-employee that could reach Salesforce and share data with a domain the company could not see. Until last year Reco mostly sold software to map and secure SaaS and AI platforms, and it is now betting that its existing coverage of those apps, and the agents they increasingly offer, will help it stand out.

The agent security field itself has become crowded, with at least two dozen companies selling some form of it. Other founders describe the same urgency: HiddenLayer's Chris Sestito said over 50 of his customers have AI agents in production touching critical systems and sensitive assets, and Cymphony said it found about 85,000 files accessible to AI tools and agents at one U.S. public company. The products differ, but their promises around discovery, monitoring and governance sound similar.

Reco will use the new funding for hiring, sales, partnerships and customer support. What the company's own numbers rest on is whether demand keeps pace with that crowded field, and whether its app coverage remains a real advantage as rivals add the same capabilities. Klein's forecast that annual recurring revenue will triple this year, and his vague estimate of a valuation in the "high hundreds of millions," may be the figures to test that case against.