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ORION Security closes $32M Series A led by Norwest IBM participates in the round Total raised: ~$38M in under twelve months Fortune 500 customers onboard Seed round: $6M announced March 2025 Headquarters: New York City + Tel Aviv ORION Security closes $32M Series A led by Norwest IBM participates in the round Total raised: ~$38M in under twelve months Fortune 500 customers onboard Seed round: $6M announced March 2025 Headquarters: New York City + Tel Aviv
Profile / Founder / Data Security

Nitay
Milner

Co-founder and CEO of ORION Security. Rewriting data loss prevention around software that watches how data usually moves, and notices when it doesn't.
Co-Founder & CEO ORION Security Series A · $32M New York · Tel Aviv
Nitay Milner, Co-Founder and CEO of ORION Security
Milner, in the standard-issue founder crewneck, looking like a person who has spent months in windowless CISO conference rooms and enjoyed most of them.

The founder who talked to the customer before writing the code.

Nitay Milner runs a data-security company from two cities and one thesis. The thesis is that data loss prevention, the product category every enterprise buys and no security team likes, was built around the wrong abstraction. It asks whether a file matches a rule. Milner's company, ORION Security, asks whether a person is doing something a person like them normally does with data like that.

In February 2026, ORION closed a $32 million Series A led by Norwest, with IBM writing a check, plus follow-on from PICO Venture Partners and Lama Partners. The round arrived less than a year after the seed. Total raised is roughly $38 million. ORION has crossed seven-figure annual revenue and signed Fortune 500 contracts inside a window most startups would still be picking a Slack theme.

The interesting thing about Milner is not the funding. It is the sequencing. Before ORION had product, ORION had a Notion table. About forty startup ideas, put there deliberately by Milner and his co-founder Jonathan Kreiner, then pruned for weeks against feasibility, differentiation, and personal passion. The idea that survived was security, and inside security, DLP, because dozens of CISOs told Milner the same thing: they hated the tools, and they were not allowed to stop buying them.

Better policies are not the solution for DLP. - Nitay Milner, on the announcement of ORION's $32M Series A
Background

From a DJ business to defense budgets to data security.

Milner's first company was a DJ operation he started at 13 with money from his bar mitzvah. By 18 he had five employees. This is a small fact, but a load-bearing one, because it tells you something about how he thinks about companies: they are things you build early, methodically, with real customers who pay you.

He then joined the Israel Defense Forces, and instead of a technology unit he ended up in the financial-advisor unit to the Chief of Staff, working on the numbers behind tens of billions of dollars of defense budgeting. It is a good post if you would like to become comfortable, early, with the idea that decisions have consequences and that spreadsheets can absorb most of the drama.

He studied computer science at Reichman University, and then chose product management. This was, in Milner's telling, a deliberate move, not a fallback. Product is where he wanted to be. It is also, incidentally, where you learn what customers actually mean when they say they want a thing.

In 2018 he co-founded DatsMi in Tel Aviv, an AI-and-IoT platform for event media, and served as Head of Product. Then he moved to Epsagon as a senior product leader on cloud-native observability. Cisco acquired Epsagon around 2021, in a deal reported near $500 million, and Milner stayed on through the Cisco Cloud Observability years. That is the point at which most successful product operators start writing their next thing.

ORION funding, by round

Seed · Mar 2025$6M
Series A · Feb 2026$32M
Total raised~$38M

Sources: ORION Security, Axios Pro, Calcalist, Pulse 2.0.

Signal ORION was tuned for

Legitimate business activityIgnore
Ambiguous / low-riskScore
Indicators of LeakageEscalate

Illustrative distribution based on ORION's stated approach.

By the Numbers

ORION, in figures.

$32M
Series A, Feb 2026
Norwest led; IBM, PICO Venture Partners, Lama Partners joined.
$38M
Total raised
Across seed and Series A, in under twelve months.
~$500M
Prior exit context
Reported Cisco acquisition price for Epsagon, where Milner led product.
40
Ideas in a Notion table
Before ORION had product, it had a shortlist.
51
Employees
Split across New York and Tel Aviv offices.
2
Companies co-founded
DatsMi (2018) and ORION Security (2024).
The Product

What ORION actually does.

ORION Security's platform learns what a company's data normally does. Which employees usually touch which systems. Which files usually leave for which vendors. Which flows are routine, and which are the small deviations that, in retrospect, were the beginning of an incident.

Milner and Kreiner built an internal model they call Indicators of Leakage, or IOL. The model considers the person taking the action, the type of data involved, where the data is coming from, and where it is going to. Those four inputs, weighed together, produce a judgment: is this reasonable for that person, or is this the shape of malicious insider activity, or human error?

ORION describes this as intent-aware data security. In practice it is closer to a shift in what you ask the alerting system for. Traditional DLP asks: is this file sensitive? ORION asks: is this movement out of character?

The pitch, as Milner has repeated in interviews and in ORION's Series A announcement, is that better policies are not the solution for DLP, and that the false-positive problem eating security teams alive is a problem of context, not rules.

Who

The person taking the action, and their historical behavior baseline.

What

The kind of data, classified in context, not by regex alone.

From

The system of record. Where the data lived, and how it was accessed.

To

The destination. A vendor, a personal account, a share link with strangers.

Today's data protection tools are failing because they lack the crucial business context needed to understand what's truly risky. - Milner, on why ORION exists
Career

A timeline, in the order things happened.

Teenage
Starts a DJ business with bar mitzvah money. Grows it to five employees by age 18.
IDF
Serves in the financial-advisor unit to the IDF Chief of Staff. Handles defense budgeting at scale.
University
Studies computer science at Reichman University (IDC Herzliya). Picks product management as his path into tech.
2018
Co-founds DatsMi in Tel Aviv. Head of Product for an AI-and-IoT event-media platform.
Pre-2021
Senior product leader at Epsagon, working on cloud-native observability.
2021
Cisco acquires Epsagon (reported around $500M). Milner continues on Cisco Cloud Observability.
2024
Co-founds ORION Security with Jonathan Kreiner. Runs a converge-diverge ideation process against roughly forty candidate ideas.
Mar 2025
ORION emerges from stealth with a $6M seed round. Announces its AI-native approach to insider-threat prevention.
Feb 2026
Closes $32M Series A led by Norwest. IBM, PICO Venture Partners, Lama Partners participate. Total raised: ~$38M.
Field Notes

Details that stick.

The Notion Table

Forty ideas. Weeks of pruning against feasibility, differentiation, and personal passion. Only one survived.

Dozens of CISOs

Milner ran interviews before writing product code. The refrain was consistent: everyone hated DLP, everyone still needed it.

Indicators of Leakage

The in-house model. Four inputs, one judgment: person, data, source, destination.

Two-Coast Company

ORION operates from New York and Tel Aviv. Standard Israeli-American cybersecurity geometry, delivered with real customers already on the roster.

Fortune 500 In Ten Months

Seven-figure ARR arrived quickly. That is the ORION Series A story, more than the round size.

Product Before Anything

Milner is a product person first. He picked product management as a career on purpose, and it shows in how ORION frames the DLP problem.

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. - Milner, in ORION's Series A announcement
Quirks & Fun Facts

Small things worth knowing.

  • Started his first company, a DJ operation, with money from his bar mitzvah.
  • Ran defense-budget analysis worth tens of billions of dollars while in the IDF.
  • Chose product management on purpose, not by accident, as his entry point to tech.
  • Uses a converge-diverge framework in a Notion table to pick startup ideas.
  • Was part of Epsagon before Cisco's reported ~$500M acquisition.
  • Runs ORION out of both New York and Tel Aviv.

Personality, briefly.

Milner reads, in his own interviews, as methodical and customer-obsessed. He talks about DLP the way an observability person talks about a query pattern: as a distribution to be understood before it can be alerted on. The persistent theme in the ORION story is patience early, then speed once conviction arrives - forty ideas, then one; dozens of interviews, then a product; seed, then Series A ten months later.

FAQ

Common questions.

Who is Nitay Milner?

Co-founder and CEO of ORION Security, a data-security startup based in New York and Tel Aviv.

What does ORION Security do?

Uses AI to model how data normally moves inside a company and flag insider-threat and exfiltration risk without relying on traditional DLP policies.

How much has ORION raised?

About $38 million total: a $6M seed announced in March 2025 and a $32M Series A led by Norwest in February 2026, with IBM participating.

What did Milner do before ORION?

Senior product leader at Epsagon, which Cisco acquired for a reported ~$500M, then continued at Cisco Cloud Observability. He also co-founded DatsMi in 2018.

Who is his co-founder?

Jonathan (Yonatan) Kreiner, ORION's CTO, previously an application-security lead at WalkMe.

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