New York-based Reco, a company focused on securing AI-driven SaaS environments, has raised a $30 million Series B round as enterprises accelerate adoption of AI tools, agents, and SaaS platforms that expand identities, permissions, integrations, and potential attack paths.
The funding was led by Zeev Ventures, with participation from existing investors Insight Partners, boldstart ventures, and Angular Ventures. The round also brought in new corporate investors Workday Ventures, TIAA Ventures, S Ventures, and Quadrille Capital. Reco said the financing comes less than 10 months after its prior raise and brings total funding to $85 million, positioning the company to address what it describes as rapidly rising “shadow AI” usage and increased demand for discovery and control across sprawling SaaS estates.
Reco noted strong growth momentum as enterprises move quickly to adopt AI across SaaS applications and workflows. The company reported a 500% year-over-year increase in 2024, followed by an additional 400% in 2025 on a larger base, attributing the expansion to higher enterprise AI adoption and the proliferation of unsanctioned AI tool use by employees. In parallel, Reco framed the market context as one in which traditional cloud and endpoint security programs have matured, while AI SaaS environments remain difficult for legacy tools to fully observe and govern.
The company’s pitch centers on a purpose-built AI SaaS security platform designed to secure AI adoption across widely used applications and platforms, with continuous monitoring intended to provide real-time visibility into applications, users, permissions, and AI-driven activity. Reco said its approach uses its own AI Agents to identify AI-powered apps, autonomous agents, embedded AI features, SaaS-to-SaaS AI interactions, and Model Context Protocols, with the goal of helping security teams understand what is in use, how data moves across systems, and where risk is introduced.
Reco also positioned its product as part of an evolving mandate for security leaders, arguing that CISOs are increasingly expected to enable AI adoption rather than restrict it, provided they can maintain continuous discovery and control across SaaS applications and AI agents at scale. The company said it works with multiple Fortune 500 and global enterprises across sectors, including financial services, healthcare, technology, pharma, manufacturing, and waste management.
Reco said it will use the new capital to expand the business, including hiring across engineering, product, and go-to-market teams, with an emphasis on discovering and securing AI apps and agents at scale.
KEY QUOTES
“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.”
Oren Zeev, Zeev Ventures
“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,” said Jerich Beason, CISO at Waste Management. “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.”
Jerich Beason, Chief Information Security Officer, Waste Management
“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,” said Jeff Wantman, vice president at Workday Ventures. “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.”
Jeff Wantman, Vice President, Workday Ventures
“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 Cofounder 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.”
Ofer Klein, CEO and Cofounder, Reco
“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,” said Thompson Barro from TIAA Ventures. “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.”
Thompson Barro, TIAA Ventures
