ORION Security announced it closed $32 million in Series A funding to scale its AI-powered, context-aware data security platform, positioning the company as an alternative to traditional data loss prevention tools that rely on large sets of manually authored policies and often generate high volumes of false positives. The round was led by Norwest, with participation from IBM and existing investors, including PICO Venture Partners and Lama Partners.
ORION said the financing reflects rapid market penetration with tier-1 global customers and growing enterprise adoption of its platform across sectors such as finance, healthcare, and technology.
The company said the Series A comes less than a year after its seed round and brings total capital raised to $38 million. ORION plans to use the new funding to accelerate development of its proprietary end-to-end architecture and specialized AI agents, while expanding go-to-market operations to meet rising demand for what it describes as autonomous DLP.
ORION’s pitch centers on eliminating reliance on policy-based DLP, which it argues has become increasingly brittle as enterprise data environments grow more complex through AI-enabled workflows, widespread SaaS adoption, and distributed workforces. The company says legacy DLP tools rely on thousands of rules that require constant tuning, generate persistent false positives, and still fail to prevent data exfiltration, leaving organizations vulnerable to new and unpredictable data loss patterns.
Instead of static rules, ORION says its platform uses specialized AI agents to continuously detect and analyze data loss indicators in real time, capturing the context of data movement, including content sensitivity, data lineage, user identity, behavioral intent, and environmental purpose. ORION says that richer context enables security teams to understand why data is moving and to prevent exfiltration before it happens, while reducing false positives and catching incidents that traditional tools miss.
Founded in 2024, ORION was started by CEO Nitay Milner, a former product leader at Cisco-acquired Epsagon, and CTO Jonathan Kreiner, a former application security lead at WalkMe. The company has offices in New York City and Tel Aviv, and counts Norwest, PICO Venture Partners, Lama Partners, IBM, and others among its backers.
KEY QUOTES
“This funding is a powerful validation of what we’ve believed from day one: better policies are not the solution for DLP. 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. 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. This investment, led by Norwest, gives us the momentum to accelerate our vision and bring truly autonomous DLP to every security team.”
Nitay Milner, Chief Executive Officer and Co-Founder, ORION Security
“ORION is rewriting the rules of data security, eliminating the rigid policy structures that have held DLP back for decades. 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.”
Dave Zilberman, General Partner, Norwest
