ORION Security closes $32 million in funding

NEW YORK — ORION Security has announced that it closed $32 million in Series A funding, led by Norwest, with participation from IBM and existing investors PICO Venture Partners, Lama Partners, and others.

The round reflects ORION’s rapid market penetration with tier-1 global customers, as enterprises are adopting the company’s AI-powered platform as an alternative to traditional data loss prevention (DLP) tools. The Series A financing comes less than a year after the company’s seed funding and brings the company’s total capital to $38 million.

“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. “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.”

For nearly two decades, enterprises have relied on traditional DLP tools that hinge on thousands of human-authored policies. Because policies only protect against known threats, legacy DLP leaves enterprises exposed to unpredictable, rapidly emerging patterns of data loss that have become prominent in today’s digital environment.

ORION replaces traditional policy-centric models with automated, context-driven detection. Powered by specialized AI agents, ORION’S proprietary platform continuously detects and analyzes data loss indicators in real time, capturing the full context behind every movement, including content sensitivity, data lineage, user identity, behavioral intent, and environmental purpose.

“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.”