Orion Security raises $32 million from IBM to redefine data loss prevention with AI agents

Orion Security raises $32 million to advance autonomous data loss prevention - SiliconANGLE

Orion Security raises $32 million to advance autonomous data loss prevention Contextual data security startup Orion Security Ltd. announced today that it had raised $32 million in new funding for platform development, go-to-market operations and to expand its autonomous security agents. Founded in 2024, Orion prevents data exfiltration by replacing policy-based enforcement with real-time contextual intelligence that leverages proprietary end-to-end architecture and specialized AI agents to autonomously detect and prevent data loss. Orion's platform uses AI to understand how data is used across an organization instead of attempting to predefine every acceptable or unacceptable data action. Doing so allows security teams to focus on real risk rather than alert noise. The platform also uses specialized AI agents to analyze data movement in real time and to capture contextual signals such as data sensitivity, lineage, user identity, behavioral patterns, intent and environmental purpose. The agents ascertain why data is moving rather than simply that it is moving so that the platform can accurately distinguish between legitimate business activity and genuine data exfiltration attempts. Orion says that its solution prevents exfiltration before it occurs and dramatically reduces false positives while capturing incidents that existing data loss protection tools routinely miss. The streamlined, resilient approach significantly reduces maintenance costs and gives enterprises the ability to protect sensitive information without the inefficiencies of legacy systems. "Traditional DLP solutions often add more policies and require spending hours to improve and refine them, perhaps even using AI to do so. Yet, data loss incidents are more widespread than ever," explains Nitay Milner, chief executive officer and co-founder of Orion. "By moving beyond policy-based DLP and using AI to gain true contextual understanding, we're giving enterprises a way to accurately distinguish between legitimate workflows and malicious activity." Orion has customers across the finance, healthcare and technology sectors. Notable customers include Alera Group Inc., American Express Global Business Travel Co., Elastic N.V., LinkedIn, Incode Technologies Inc. and Omega Point Inc.. The Series A round was led by Norwest Venture Partners LP, with IBM Corp. and existing investors PICO Venture Partners LP and Lama Partners also participating. "Orion is rewriting the rules of data security, eliminating the rigid policy structures that have held DLP back for decades," said Dave Zilberman, general partner at Norwest. "With a fully autonomous, context-driven approach, ORION isn't just building a better product; it's redefining how enterprises safeguard their most critical asset: data." The new funding takes the total amount raised by Orion to $38 million. The company had previously raised a round of $6 million in March 2025.

Israeli startup ORION raises $32 million in Series A round, with investments from IBM, Norwest

The Israeli startup ORION Security announced on Tuesday that it had raised $32 million in a Series A investment round, with participation from the American tech giant IBM. ORION is an AI-focused startup that developed a platform that serves as an alternative to traditional data loss prevention (DLP) tools, serving customers across the finance, healthcare, and technology sectors. "This funding is a powerful validation of what we've believed from day one: better policies are not the solution for DLP," said Nitay Milner, CEO and co-founder of ORION. "This investment, led by Norwest, gives us the momentum to accelerate our vision and bring truly autonomous DLP to every security team," he added. Data Loss Prevention powered by an AI platform The company developed AI-powered agents that continuously detect and analyze data loss indicators in real time to minimize the amount of data that can be lost. "ORION is rewriting the rules of data security, eliminating the rigid policy structures that have held DLP back for decades," said Dave Zilberman, general partner at Norwest. PICO Venture Partners, Lama Partners, and others who had already invested in the company during the seeding round participated in this Series A round alongside IBM and Norwest. The latest $32 million investment round brings the total capital to $38 million after the seed round, the company confirmed.