AI SaaS security innovator Reco has successfully raised $30 million in a Series B funding round, announced on Tuesday. This significant investment aims to enhance the company’s capabilities in securing AI-driven SaaS environments.
Strategic Funding and Key Investors
The latest funding round was spearheaded by Zeev Ventures, with notable participation from Insight Partners, Boldstart Ventures, Angular Ventures, Workday Ventures, TIAA Ventures, S Ventures, and Quadrille Capital. This investment arrives less than a year after Reco’s previous funding round, bringing the total capital raised to an impressive $85 million.
Reco plans to utilize these funds to fuel its growth strategy, focusing on expanding its engineering, product development, and go-to-market teams. These enhancements are crucial for strengthening their platform’s ability to support AI SaaS security demands.
Innovative Security Platform for AI SaaS
Reco’s platform is specifically designed to cater to the needs of AI integration within business operations, where SaaS is the predominant delivery model. The platform utilizes Reco’s proprietary AI agents to continuously monitor SaaS environments, providing real-time insights into application use, user activities, and access management.
This advanced platform helps security teams map application usage, track data flows, and identify potential risks, supporting integration with popular SaaS providers such as Salesforce, ChatGPT, and Copilot.
Addressing the Challenges of AI Adoption
Ofer Klein, CEO and co-founder of Reco, highlighted the growing trend of AI consumption via SaaS, whether through standalone applications, embedded agents, or AI-powered integrations. This trend underscores the necessity for visibility and control across entire SaaS ecosystems to safely adopt AI at scale.
Klein emphasized that Reco is uniquely positioned to address these challenges with comprehensive coverage of AI SaaS applications and agents, enabling organizations to manage their AI-driven environments securely.
As the landscape of AI and SaaS continues to evolve, Reco’s strategic funding and platform enhancements position it as a leader in the AI SaaS security sector, ready to meet the increasing demands for robust security solutions.
