Reco, an AI SaaS security platform focused on protecting enterprise software environments, has raised fresh capital.
The company has secured $30m in a Series B round led by Zeev Ventures. The raise included participation from existing backers Insight Partners, boldstart ventures and Angular Ventures, alongside new corporate investors Workday Ventures, TIAA Ventures, S Ventures and Quadrille Capital. The latest injection comes less than 10 months after Reco’s previous funding round and brings its total funding to $85m.
Reco operates in the rapidly expanding AI SaaS security segment, helping organisations gain visibility and control over artificial intelligence tools delivered through SaaS platforms. As enterprises increasingly deploy AI applications and agents embedded within systems such as Salesforce, ChatGPT and Copilot, the attack surface has widened. Reco’s platform uses its own AI Agents to continuously monitor SaaS environments, mapping applications, identities, permissions and AI-driven interactions. This includes oversight of embedded AI features, SaaS-to-SaaS integrations and emerging standards such as Model Context Protocols (MCP), allowing security teams to track how data flows and where risk may arise.
The new funding will be used to accelerate Reco’s expansion, with plans to scale its engineering, product and go-to-market teams. The company said it will focus particularly on enhancing its capabilities to discover and secure AI apps and agents at enterprise scale, as organisations grapple with the growing challenge of shadow AI and autonomous digital agents.
The fundraising follows what the company described as exceptional growth. After expanding 500% year-on-year in 2024, Reco reported a further 400% increase in 2025 on a significantly larger base. The growth has been fuelled by rising enterprise AI adoption and the proliferation of shadow AI, where 71% of knowledge workers use AI tools without IT approval and 20% of enterprises have experienced data leaks linked to such activity. Reco now works with multiple Fortune 500 companies and global enterprises across financial services, healthcare, technology, pharma and manufacturing.
Zeev Ventures Oren Zeev said, “My investment strategy has always been to double down on what’s working. 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.”
Waste Management CISO Jerich Beason said, “Since partnering with Reco, we’ve automated our most time-consuming security processes, freeing up our team to focus on strategic initiatives rather than manual work. The visibility and insights we’ve gained into our AI and SaaS usage has transformed how we operate. This Series B funding signals strong momentum, and we’re excited to continue growing alongside Reco as they expand their capabilities.”
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.”
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.”
TIAA Ventures 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.”
The $30m Series B builds on Reco’s earlier rounds, bringing total funding to $85m as the company positions itself to capitalise on what it sees as a defining shift in how enterprises secure AI-driven SaaS environments.
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