Cyber startup Orion raises $32 million Series A backed by IBM for AI-driven data-leak prevention
The Israeli company says its autonomous platform replaces legacy DLP tools with AI agents that track data in real time, detecting intent and stopping leaks before they occur.
Cybersecurity company Orion Security, which develops AI-driven contextual data security solutions, has raised $32 million in a Series A round led by Norwest Venture Partners, with participation from IBM and existing investors including PICO Venture Partners, Lama Partners, and others. The round comes less than a year after the company’s Seed financing and brings total funding since inception to $38 million.
Orion was founded in 2024 by CEO Nitay Milner, a former product leader at Cisco-acquired Epsagon, and CTO Jonathan Kreiner, former application security lead at WalkMe. The company currently employs 20 people and is expanding its development centers in Israel and New York, recruiting for a range of roles.
The autonomous platform Orion has developed is designed to replace traditional data loss prevention (DLP) tools, which rely on manually defined organizational policies that often slow workflows and require constant maintenance.
“We realized that legacy DLP solutions simply do not prevent data loss,” Milner told Calcalist. “Even newer products provide only snapshots and fail to track how information actually moves. As a result, companies continue to suffer major breaches. Our approach uses large language models to analyze all outbound information across multiple parameters and determine in real time whether an event represents a leak or legitimate activity.”
Milner added that within months of founding the company, it had already crossed seven figures in annual revenue and signed major contracts with Fortune 500 customers.
“We received approaches from many leading funds and chose Norwest,” he said. “IBM has been in close contact with us from the beginning, and this investment reflects a strategic partnership to integrate our technology with their platforms. Data security is at a peak moment, this will be a market that produces many companies worth more than $10 billion.”
Milner said the new funding would support enterprise scalability: “We will continue expanding our ability to support the largest customers. That requires growing our development team and building a more robust operational engine.”
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For two decades, organizations have relied on DLP tools built around thousands of manually written policies. Those systems demand constant updates, generate high volumes of false positives, and still fail to provide comprehensive protection. They are particularly ill-suited to modern risks such as AI-driven workflows, uncontrolled adoption of SaaS services, and a distributed workforce. Because these tools defend only against known patterns, they leave organizations exposed to unpredictable and evolving forms of data leakage.
Orion replaces this model with a platform that continuously monitors and prevents leaks using dedicated AI agents. The system analyzes the full context of each action, the sensitivity of the content, the history of the data, user identity, intent, and purpose. By understanding the source and motivation behind every movement, Orion aims to stop leaks before they occur, sharply reduce false positives, and detect incidents that traditional tools miss. The autonomous approach also lowers maintenance costs and allows organizations to secure sensitive information more effectively and immediately.
