RECO has raised $30 million in a Series B funding round led by Zeev Ventures, with participation from Insight Partners, Boldstart Ventures, Angular Ventures, Workday Ventures, TIAA Ventures, S Ventures and Quadrille Capital. The announcement comes less than 10 months after its previous raise, taking total funding to $85 million, and the proceeds will support growth in engineering, product development and go-to-market activities.
Reco provides a platform for AI SaaS security that is designed to give visibility and control across an organisation’s SaaS ecosystem, including apps and AI agents that act as independent users with their own identities and access. The platform uses Reco’s AI agents to continuously discover and oversee SaaS setups, delivering insights into apps, user activities, access levels and AI-related operations, and it supports integrations with Salesforce, ChatGPT and Copilot.
CEO and co-founder Ofer Klein said the shift to AI via SaaS is driving rapid growth and highlighted the need for broad visibility and control across the entire SaaS environment. according to SecurityWeek