Reco Raises $55 Million to Scale AI Agent Security

Has Reco actually raised the $55 million?

Yes. Reco announced that it raised an additional $55 million with participation from AT&T Ventures, Forestay and Quadrille Capital, taking total funding to $140 million.

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Why does the funding matter for Reco?

The capital gives Reco more resources to commercialize its agent-security platform through hiring, sales, partnerships, channels and customer support. TechCrunch reported that Reco already has more than 100 customers and annual recurring revenue in the double-digit millions of dollars.

What valuation did Reco receive?

Reco did not disclose an exact valuation. CEO Ofer Klein told TechCrunch that it had more than doubled since the company's February financing and was in the high hundreds of millions of dollars.

Is AT&T only an investor in Reco?

No. AT&T is also a Reco customer, making its venture investment strategically relevant, although the companies did not disclose AT&T's investment amount or the revenue generated from the customer relationship.

What happens next for Reco?

Reco plans to deploy the capital into go-to-market expansion and customer support while pursuing growth in enterprise agent security. Klein told TechCrunch that the company expects annual recurring revenue to triple this year, but that remains a company expectation rather than reported results.