ORION Closes $32 Million in Funding – Building DLP Beyond Policies

We are thrilled to announce that ORION has just closed $32 million in funding led by Norwest and joined by IBM and existing investors PICO Venture Partners, Lama Partners, Underscore VC, and others.

As demand for ORION’s AI-powered alternative to traditional DLP grows, this round comes less than a year after our seed funding, bringing total capital raised to $38 million.

Already protecting customers with tens of thousands of employees across finance, healthcare, and technology sectors, we are proud to be pioneering a new approach to data security that eliminates reliance on DLP policies and minimizes manual intervention.

The funding will enable us to accelerate development of our proprietary LLMs and specialized AI agents while expanding go-to-market operations to meet growing enterprise demand for our autonomous DLP.

“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, invest hours in improving them, or perhaps refine them with AI, but 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”.

Thinking Beyond Policies: A New Path for Preventing Data Loss

For more than a decade, enterprises have relied on traditional, notoriously inefficient DLP tools. These tools, based on thousands of human-authored policies, require constant tuning, generate a constant stream of false positives, yet still fail to stop data exfiltration.

Built on the assumption that more policies equal stronger protection, these tools cannot keep pace with modern risks posed by AI-driven workflows, uncontrolled SaaS adoption, and distributed workforces.

Because policies only protect against known threats, legacy DLP leaves enterprises exposed to unpredictable, rapidly emerging patterns of data loss that are becoming increasingly common.

ORION replaces traditional policy-centric models with automated, context-driven detection based on data-loss indicator analysis.

Powered by specialized AI agents and ORION’s proprietary LLM, the 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.

By enabling customers to understand why data is moving, ORION prevents exfiltration before it occurs, dramatically reducing false positives while capturing incidents that existing DLP tools routinely miss. This approach significantly reduces maintenance costs and empowers enterprises to protect sensitive information without the inefficiencies of legacy systems.

Organizations using ORION have reported a massive reduction in DLP maintenance and tuning, accurate prevention of data movement beyond anticipated scenarios, and a near-zero false-positive rate.

Policies still play a role in ORION, but only where they are most effective: deterministic, predictable scenarios. Everything else is handled autonomously by ORION’s analysis agent.

“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.”

We’re Just Getting Started

This raise is an exciting milestone for us, but it’s only the beginning.

Data security is undergoing one of the fastest transformations in decades. Organizations are shifting to AI-driven workflows, distributed teams are the new standard, and sensitive information moves faster and through more systems than ever before. Traditional DLP wasn’t built for this reality.

Over the coming year, you’ll see ORION broaden coverage across even more environments, provide security teams with deeper insights into data movement, and unlock levels of accuracy and autonomy that weren’t possible until now.

Most importantly, we’re committed to giving every organization the ability to protect both humans and AI systems without slowing them down.

We want to extend our deepest thanks to our customers, investors, and partners who believe in our mission and push us to build better every day. Your trust, feedback, and collaboration have been instrumental in shaping ORION into what it is – and what it’s becoming.

To our team – none of this happens without your focus, hard work, creativity, and commitment. This would not be possible without you. We’re grateful for everything you’ve built and everything still ahead.

About Orion

ORION Security prevents data exfiltration by replacing policy-based enforcement with real-time contextual intelligence that leverages proprietary LLMs and specialized AI agents to autonomously detect and prevent data loss. Based in New York City, with offices in Tel Aviv, Israel, the company was founded in 2024 by CEO Nitay Milner, a former product leader at Cisco-acquired Epsagon, and CTO Jonathan Kreiner, a former application security leader at WalkMe. The company is backed by Norwest, PICO Venture Partners, Lama Partners, IBM, and others.