Reco raises $30 million Series B to secure AI SaaS adoption across enterprises
The funding aims to expand platform reach amid rising Shadow AI usage and regulatory scrutiny.
Cybersecurity company Reco has raised $30 million in a Series B round led by Oren Zeev’s Zeev Ventures, with participation from all of the company’s existing investors, including Insight Partners and Boldstart Ventures, as well as new corporate investors: Workday Ventures, TIAA Ventures, S Ventures, and Quadrille Capital. The round brings the company’s total capital raised to approximately $85 million and comes less than 10 months after Reco’s previous funding round.
Founded by Ofer Klein (CEO), Gal Nakash (CPO), and Dr. Tal Shapira (CRO), Reco employs around 100 people, split evenly between Israel and the United States.
The funding follows rapid growth, with the company reporting 500% growth between 2023 and 2024, and an additional 400% growth in 2025, driven by the sharp rise in AI adoption and the expansion of Shadow AI, the use of AI tools outside the approval and supervision of IT systems.
Reco aims to deliver a purpose-built AI SaaS security platform designed specifically for the AI era, securing AI adoption across Salesforce, ChatGPT, Copilot, and hundreds of thousands of AI SaaS apps and agents. These AI Agents continuously monitor SaaS environments to provide real-time visibility into applications, users, permissions, and AI-driven activity, including AI-powered apps, autonomous agents, embedded AI features, SaaS-to-SaaS AI interactions, and Model Context Protocols (MCP).
"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,” stated Ofer Klein, CEO and co-founder at Reco. “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.”
"My investment strategy has always been to double down on what's working," said Oren Zeev from Zeev Ventures. “I've seen this pattern with successful companies like Navan and Tipalti, and I'm seeing it again with Reco. The signals we see show rapidly growing market demand for AI SaaS security and we are experiencing exceptional growth. The opportunity ahead for Reco is massive."
