Funding Brief｜Reco Raises $55M Series B Extension, Agent Security Valuation Tops Hundreds of Millions
Reco closed a $55M Series B extension, with a strategic investment from AT&T Ventures and new backers Forestay and Quadrille Capital, at a valuation the CEO says has 'more than doubled' since February — into the hundreds of millions. The signal: agent security already has at least two dozen competitors, and surviving isn't about discovering agents — it's about turning an existing SaaS security customer base into agent-governance trust.