Reco, a cybersecurity company focused on securing AI-driven SaaS environments, has raised fresh capital totalling $30m.
The company has secured $30m in a Series B funding round led by Zeev Ventures, with participation from existing backers Insight Partners, boldstart ventures and Angular Ventures. The round also brought in new corporate investors Workday Ventures, TIAA Ventures, S Ventures and Quadrille Capital. The latest raise brings Reco’s total funding to $85m and comes less than 10 months after its previous round.
Reco provides a purpose-built AI SaaS security platform designed to help organisations discover, monitor and secure AI applications and agents embedded across SaaS environments. As more enterprises rely on platforms such as Salesforce, ChatGPT and Copilot, AI agents are increasingly operating as autonomous users, creating new identities, permissions and integrations. Reco’s AI Agents continuously scan SaaS ecosystems to deliver real-time visibility into applications, user activity, permissions and AI-driven interactions, including embedded AI features and Model Context Protocols.
The fresh capital will be used to accelerate the company’s expansion plans, including significant hiring across engineering, product development and go-to-market teams. A key focus will be scaling its ability to discover and secure AI applications and agents across large enterprise environments.
The funding follows a period of rapid growth. Reco said it expanded 500% year-on-year in 2024 and grew a further 400% in 2025 on a significantly larger base. The company attributes this momentum to surging enterprise AI adoption and the rise of so-called shadow AI, where employees use AI tools without IT approval. According to the company, 71% of knowledge workers now use AI tools without formal sign-off and 20% of enterprises have experienced data leaks linked to shadow AI usage.
Workday Ventures vice president Jeff Wantman said, “AI has already transformed the modern enterprise and it’s becoming increasingly urgent for organizations to ensure they have the right security guardrails in place. Reco is establishing itself as a security leader for the AI SaaS environment, and we’re excited to partner with them on this journey of rapid growth.”
TIAA Ventures investor Thompson Barro said, “The Reco team is executing on a massive market opportunity at a time when AI SaaS security has become critical for organizations given the proliferation of AI application and agent adoption. Their platform addresses a fundamental challenge that enterprises face today: gaining comprehensive visibility and control over increasingly complex cloud environments. This Series B positions Reco for its next phase of growth, and we look forward to partnering with the team as they continue to set the standard for agentic AI and dynamic SaaS security.”
Reco CEO and cofounder Ofer Klein said, “In the enterprise, AI is being consumed through SaaS, whether its AI applications, agents embedded in existing platforms, or AI-powered integrations connecting business systems. This shift is driving the rapid growth we’re seeing. Organizations recognize that to adopt AI safely and at scale, they need visibility and control across their entire SaaS ecosystem and not only the core SaaS applications. That’s the opportunity Reco was built to address with the largest coverage and depth of AI SaaS apps and AI agents in the industry.”
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