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Reco, which recently repositioned from SaaS/AI platform security to an agent-focused context-graph solution, said it raised $55 million as an extension to its Series B. Investors in the round include AT&T (via its venture arm), Forestay and Quadrille Capital; Reco said ARR is in the double-digit millions, it has 100+ customers, and it will use the funds for hiring, sales, partnerships and support.
AT&T is accelerating workforce reductions while automating internal processes with AI—using tools like a generative system called GeoModeler for network adjustments and deploying DriveNets cloud software to replace hardware at thousands of central hubs starting next year. The company is also retiring much of its copper landline/DSL network (saving energy) as it refocuses on fiber and wireless; a source said AT&T could target about 85,000 employees by 2030 if cuts continue, a figure the company disputed.
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