Contextual data security startup Orion Security Ltd. announced today that it has raised $32 million in new funding for platform development, go-to-market operations and expansion of 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,” said Orion co-founder and Chief Executive Nitay Milner. “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.

Image: Orion Security