Reco Raises $25M in Additional Funding
Summary
The round was led by Insight Partners, Zeev Ventures, boldstart ventures, Angular Ventures, and funding from new investor Redseed. The company intends to use the funds to expand the AI-driven SaaS App Factory on top of over 175 apps supported today to maintain integration speeds while also introducing its AI Agents for alerts and identities. Led by Ofer Klein, co-founder and CEO, Reco is a dynamic SaaS security company eliminating the SaaS security gap caused by SaaS Sprawl, the proliferation of apps, AI, identities, data, and configuration challenges. It discovers all SaaS apps, AI agents, and shadow AI tools, and their associated identities, securing configurations, minimizing access risks, and detecting hidden threats. Using analytics on user behavior and interactions, the company identifies misconfigurations, over-permission users, and compromised accounts.