Ofer Klein co-founder Reco (Linkedin)
Israeli cybersecurity startup Reco, a leader in Dynamic SaaS Security, has announced the closing of a $25 million funding round, led by Insight Partners with participation from Zeev Ventures, boldstart ventures, Angular Ventures, and new investor Redseed. This latest investment brings Reco’s total funding to $55 million.
The funding follows an impressive 5x growth in 2024, signaling strong demand for Reco’s AI-native SaaS security platform. The company plans to use the capital to scale its platform, expand channel partnerships, and accelerate go-to-market initiatives to meet rising enterprise demand for automated, intelligent SaaS threat protection.
Reco’s platform enables organizations to secure their entire SaaS ecosystem by dynamically identifying and mitigating risks in real-time, making it a vital solution for businesses navigating the growing complexities of cloud-first environments.
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With this funding round, Reco will continue exp*9anding the AI-driven SaaS App Factory™ on top of over 175 apps supported today to maintain industry-leading integration speeds while also introducing Reco AI Agents for alerts and identities – becoming the industry’s first to offer agents designed to help security teams streamline operations and deliver actionable insights from SaaS. Leveraging secure AI-driven analytics, automation, and contextual intelligence, the agents prioritize alerts, identify threats, and reduce workloads – all while maintaining strict data privacy.
Founded in 2020, Reco uses advanced analytics around persona, actions, interactions and relationships to other users, and then alerts on exposure from misconfigurations, over-permission users, compromised accounts, and risky user behavior. This comprehensive picture is generated continuously using the Reco Knowledge Graph and empowers security teams to take swift action to effectively prioritize their most critical points of risk. Reco uses a low-code/no-code approach to add a new SaaS integration in 3-5 days.
“The adoption of AI apps and agents has made SaaS security more complex and dynamic than ever. Combine this with the proliferation of SaaS apps including shadow apps, and we’re seeing a growing gap between the reality of the ecosystem and what legacy SSPM tools can provide. Businesses need security solutions to be proactive vs. just reactive – simplifying security without slowing down the business,” said Ofer Klein, co-founder and CEO of Reco. “The strong interest in this oversubscribed round reflects the confidence of our customers, strategic partners, and new investors who share our vision. We are enabling enterprises to contain SaaS sprawl, and this demand-driven growth is proof of how Dynamic SaaS Security is the future.”
Addressing the urgent need for SaaS security, Reco offers a comprehensive application discovery engine that identifies and classifies over 50,000 applications, granting organizations complete visibility into their SaaS landscape. Leveraging its proprietary SaaS App Factory™, Reco secures over 175 applications and boasts an integration speed of just 3-5 days for new apps – significantly outpacing the months-long processes of traditional solutions. With a 10x performance advantage and an 80% reduction in implementation and maintenance effort, Reco delivers continuous security and compliance, seamlessly adapting to the evolving SaaS environment, including new apps and AI agents, to provide protection at the speed of business.
