Reco Team
Reco, a startup that finds and governs AI agents inside company software, raised $55 million, bringing its total funding to $140 million. The $140 million is cumulative, not the size of this round. AT&T Ventures, which is also a Reco customer, is among the investors, and TechCrunch counts at least two dozen vendors now selling AI agent security.
What Reco raised
Reco announced the $55 million on September 29, according to TechCrunch. Investors include AT&T Ventures, Forestay and Quadrille Capital. The round follows a $30 million raise in February, and the company says its valuation has more than doubled since then to the "high hundreds of millions." Proceeds will go toward hiring, sales, partnerships and customer support.
Vikram Taneja, head of AT&T Ventures, said: "As both an investor and customer, AT&T recognizes the growing importance of helping organizations understand and manage how AI agents interact with business applications and data."
What Reco does and the numbers it reports
Reco's software maps AI agents and SaaS tools to the applications, people, accounts and permissions they touch, using what it calls a context graph, so security teams can monitor and restrict access. Founders are Ofer Klein, Gal Nakash and Tal Shapira, and the company is Israeli-founded, according to Isra-Tech.
According to TechCrunch, the company reports:
annual recurring revenue in the double-digit millions, expected to triple in 2026
more than 100 customers, with financial services about 40% of the base
integrations with more than 280 applications
These are company-reported figures. Reco also said it found 21,000 unknown agents at one Fortune 100 customer. CEO Ofer Klein said: "The market demand right now for agent security is not only about the agent itself; it's about the entire ecosystem end-to-end."
A crowded market
TechCrunch counts at least two dozen vendors offering AI agent security. Remio says rivals include identity security, data protection and cloud security vendors, plus platform giants such as Cisco, Microsoft, Salesforce and ServiceNow. The central question it raises is whether buyers will prefer an independent governance layer or controls built into the platforms they already use. Remio also cites Reco's own research, in which four in five AI tools in the environments it studied operated without IT oversight.
Why it matters for business readers
Most large companies now run agents across several SaaS tools, and visibility is often the first gap. The 21,000-agent finding is Reco's own, from a single customer, so it shows the problem Reco is selling against more than how common it is. For buyers, the practical question is whether to adopt a standalone tool or rely on the controls inside the platforms they already pay for.
FAQ
How much did Reco raise?
$55 million, announced September 29. Total funding is $140 million, per TechCrunch.
Who invested?
AT&T Ventures, Forestay and Quadrille Capital. AT&T is also a Reco customer.
What does Reco do?
It discovers and governs AI agents and SaaS tools across a company's applications, mapping which agents connect to which accounts and permissions.