Reco raises $55M for AI agent security

Reco, a startup securing SaaS and AI platforms, raised $55 million on top of its $30 million Series B from February. The valuation has more than doubled to the "high hundreds of millions," with ARR in the double-digit millions. AT&T's venture arm, Forestay and Quadrille Capital participated.

• The $55M round extends a $30M Series B announced in February 2026
• Total funding now $140M; valuation more than doubled
• ARR is in the double-digit millions and expected to triple this year
• Reco has over 100 customers, with financial services at about 40%