Reco Raises $55 Million as AI Agent Security Becomes a Priority
Security startup Reco raised $55 million, with AT&T Ventures participating, to help companies track and control the AI agents running inside their business apps.
KIING DIGITAL LABS · · 3 min read
On Tuesday, Sept. 29, Reco, a security company focused on AI agents, announced it had raised $55 million in new funding. AT&T Ventures participated as a strategic investor and customer, and Forestay and Quadrille Capital joined as new investors, according to the company. The round brings Reco's total funding to $140 million.
What happened
Reco sells software that helps companies find and control the AI agents operating across their business applications. As more companies connect AI assistants to tools like customer databases, email and file storage, security teams need a way to see which agents exist, what they can access and whether that access is appropriate.
According to Reco's announcement, its platform maps the relationships between agents, identities, applications, permissions, data and workflows. The company says it integrates with more than 280 applications and offers more than 1,000 detection controls.
TechCrunch reported that Reco has more than 100 customers, with financial services making up about 40% of its business, and that its annual recurring revenue is in the "double-digit millions." TechCrunch also reported that the company's valuation has more than doubled since its $30 million Series B in February 2026, though CEO Ofer Klein declined to share an exact figure.
Klein described some of what Reco has found at customers, according to TechCrunch: one Fortune 100 company discovered 21,000 agents it did not know about, and a large financial services customer found an agent created by a former employee that was still accessing Salesforce.
"Agents are gaining access to business applications and data faster than many organizations can map or govern those connections," Klein said in the company's announcement.
The company, based in Altamonte Springs, Florida, said it will use the money to expand sales, partnerships, channels and customer support.
Why it matters
AI agents are powerful because they can take actions: read files, send emails, update records. That same power creates risk. An agent with too much access, or one that nobody is watching, can expose sensitive data or make changes no one approved.
TechCrunch noted that Reco is entering a crowded field, with competitors including CrowdStrike, HiddenLayer and Zenity. A crowded market is usually a sign of strong demand. Businesses are adopting agents quickly, and security is racing to catch up.
For any company building AI features, this is an important reminder: trust is part of the product. Customers, especially larger ones, will increasingly ask what data an AI feature can reach and how that access is controlled.
What this means for founders and builders
If you are building an AI product, plan for security and permissions from the start rather than adding them later. Some practical steps:
- Give agents only the access they need. Limit permissions to the specific data and actions required.
- Keep a clear record of what agents do. Activity logs help customers trust your product and help you fix problems quickly.
- Make it easy to turn access off. When someone leaves a company, their agents and connections should be simple to shut down.
None of these steps requires a large security team. They are mostly good design choices made early, when they are easy and inexpensive, rather than later, when they can mean rebuilding large parts of a product. Writing down what data your AI feature can touch, and why, is a simple first step that also makes security questions from customers much easier to answer.
These details can be the difference between winning and losing a business customer. At KIING DIGITAL LABS, we build complete software products, including AI tools and SaaS platforms, and we can design user roles and access controls into a product from the beginning. You can browse products ready to acquire or start a custom build with security requirements built into the plan.
The bottom line
Reco's $55 million raise shows that as AI agents spread through business software, knowing what those agents can do is becoming a must-have. For builders, the lesson is simple: the AI products that win business customers will be the ones that are easy to trust.
Free tool: Have an idea sparked by this news? Turn it into a product plan in minutes with Concept Studio — free. Skip the build: Explore fully built products ready to acquire or start a custom build.
- RECO
- AI SECURITY
- FUNDING
- AI AGENTS
