News / Cybersecurity
Reco raises $55 million to secure AI agents, a growing challenge for businesses Published on 29 September 2026 by Christ-loisele (3 min read)
New York-based startup Reco, specializing in AI agent governance, announces a $55 million funding round led by AT&T Ventures. Its Reco Graph tool maps risks related to AI agents' access to critical data and applications, as their adoption surges in enterprises.
Video: AT&T Ventures' Vikram Taneja on Strategic Investing (Bloomberg Live, YouTube) Record funding round for a rapidly expanding market
Reco, founded in 2020 by Ofer Klein, Tal Shapira, and Gal Nakash, announced on September 29, 2026, a $55 million funding round led by AT&T Ventures, Forestay, and Quadrille Capital. This brings its total funding to $140 million, according to SecurityWeek and Yahoo Finance . The company, based in New York but employing 140 people across Israel and the United States, positions itself as a key player in a booming market: the AI agent security segment, valued at $1.3 billion in 2025 and projected to reach $17.8 billion by 2033 (with a CAGR of 38.9%), according to Grand View Research cited by Yahoo Finance .
AI agents access corporate applications and data faster than organizations can map or govern these connections
Illustrative photo: server bay (Helpameout, CC BY-SA 3.0) A tool to map and control AI agent risks
The Reco platform, centered around the Reco Graph , enables organizations to visualize interactions between AI agents, user accounts, API connections, sessions, and workflows. According to SecurityWeek and Yahoo Finance reports, this tool identifies excessive permissions, obsolete access, or risky integrations while integrating with over 280 enterprise applications, including OpenAI, Microsoft Copilot, Salesforce, ServiceNow, and Workday. Reco specifically analyzes risks tied to AI agents accessing sensitive data such as customer information, source code, or financial systems via protocols like OAuth or service accounts.
AT&T, both an investor and Reco customer, emphasizes the urgency of this need: 'AI agents access corporate applications and data faster than organizations can map or govern these connections,' explains Ofer Klein, Reco CEO, in Calcalistech . Gartner also anticipates a surge in their numbers: Fortune 500 companies could go from fewer than 15 AI agents in 2025 to over 150,000 by 2028, according to projections cited by Yahoo Finance and Ynetnews .
What this means here
For businesses and government agencies in Benin and West Africa, where the adoption of AI tools and automation is accelerating, this funding round could mark a turning point in managing risks linked to autonomous agents. Local organizations, often facing heterogeneous technological ecosystems and stricter governance constraints, could benefit from solutions like Reco Graph to track AI agents' access to their critical systems, particularly in banking, public, or logistics sectors where data protection is a priority.
Furthermore, the increasing integration of tools like Microsoft Copilot or third-party APIs in African professional environments could require similar mechanisms to limit unnecessary exposures. Investments in cybersecurity, already a major issue for SMEs and large companies on the continent, would be strengthened by the emergence of specialized solutions in AI agent governance, thereby reducing the risks of leaks or malicious manipulations.
A growth strategy focused on talent and partnerships
Reco plans to use the raised funds to strengthen its commercial teams, partnerships, and customer support, as indicated by SecurityWeek and Yahoo Finance . This approach reflects a commitment to establishing itself as a standard in a market where demand for AI agent governance tools is expected to grow exponentially. AT&T, as an investor and user, illustrates this trend: its CISO, Rich Baich, notes that Reco « enhances the governance of our AI applications and ecosystems by providing greater visibility into agent-related risks, » according to Yahoo Finance .
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