ORION Security, an Israeli-founded cybersecurity company focused on artificial intelligence-driven data protection, said it has raised $32 million in a Series A funding round as enterprises seek alternatives to traditional data loss prevention tools.
The round was led by Norwest, with participation from IBM and existing investors including PICO Venture Partners and Lama Partners. The financing brings ORION’s total funding to $38 million, less than a year after it completed its seed round.
Founded in 2024, ORION develops an AI-powered platform designed to prevent data leaks by analyzing the context in which data moves, rather than relying on large sets of predefined security rules. The company says its approach is being adopted by large customers in the finance, healthcare and technology sectors as an alternative to legacy data loss prevention, or DLP, systems.
Traditional DLP tools rely on thousands of manually defined policies that require constant tuning and often generate false alerts, according to the company. ORION says its system uses specialized AI agents to assess factors such as data sensitivity, user behavior and workflow context in real time, allowing it to distinguish between legitimate activity and potential data exfiltration.
“This funding is a strong validation of our belief that better policies are not the solution for data loss prevention,” 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 enabling security teams to prevent data loss without the overhead and blind spots of legacy tools.”
The company said the new funding will be used to further develop its proprietary technology and expand sales and marketing efforts to meet growing enterprise demand.
Norwest General Partner Dave Zilberman said ORION’s approach represents a shift in how companies protect sensitive information. “ORION is eliminating the rigid policy structures that have limited DLP for decades,” he said. “Its autonomous, context-driven model reflects how modern enterprises operate.”
ORION was founded by Milner, formerly a product leader at Epsagon, which was acquired by Cisco, and Chief Technology Officer Jonathan Kreiner, previously an application security lead at WalkMe. The company has offices in Tel Aviv and New York.