Reco Raises $55M to Address Enterprise AI Agent Sprawl
Summary
- • Reco raises $55M to map and secure AI agent sprawl across enterprise networks
- • Platform discovered 21,000 unknown agents at a single Fortune 100 customer
- • AT&T, Forestay, and Quadrille Capital back the funding extension
- • Valuation more than doubled since a $30M Series B in February 2026
Details
$55M raised in funding extension
Extends the $30M Series B announced in February 2026; total disclosed funding now exceeds $85M
Valuation in 'high hundreds of millions'
CEO Ofer Klein says valuation more than doubled since the February Series B, though declined to give exact figures
AT&T invested as strategic customer
Telecom giant invested via its venture arm alongside Forestay and Quadrille Capital; AT&T is an active Reco customer
Context graph maps AI agent access
Platform connects agents to apps, people, accounts, and permissions; security teams can visualize and cut off unneeded access
21,000 unknown agents discovered at one customer
Reco found agents the company itself didn't know existed at a single Fortune 100 customer, illustrating enterprise agent sprawl
Ex-employee agent accessed Salesforce data
At a financial services customer, Reco found an agent set up by a former employee that could access Salesforce and share data to an unknown external domain
ARR in double-digit millions, expected to triple
CEO projects revenue will triple in 2026; 100+ customers with financial services accounting for ~40% of business
AI agent security market now has 24+ vendors
Includes CrowdStrike, HiddenLayer, Cymphony, and others; vendors differ on approach but converge on discovery and governance promises
280+ app integrations, new ones added in days
Platform uses browser and network signals to find agents outside directly connected apps; new integrations deployable within days
Reco funding round details and product capabilities, September 2026
What This Means
Enterprise AI agent deployment has outpaced security controls, with companies unknowingly running thousands of autonomous agents across their networks. Reco's pivot to context-graph-based agent governance — and its rapid growth — signals that AI agent security is becoming a dedicated, high-priority discipline. AT&T's strategic investment reflects how large enterprises are scrambling to gain visibility before regulatory and security pressures force the issue. The crowded 24+ vendor market confirms this is now a mainstream enterprise concern, not a niche one.