Artificial Intelligence security startup Reco has secured additional funding in a Series A extension led by Insight Partners. The exact amount was not disclosed, but the round included participation from Zeev Ventures, Boldstart Ventures, Angular Ventures, and Redseed, further boosting the company’s resources to innovate in the SaaS security landscape. Founded in 2020, Reco has now amassed a significant total investment aimed at building next-generation security solutions based on generative Artificial Intelligence and the use of intelligent agents.
Reco’s core platform is designed to address the growing security gaps in SaaS adoption, especially as more employees use cloud applications outside the traditional oversight of IT. The company’s technology leverages generative Artificial Intelligence and bespoke Artificial Intelligence agents to identify, monitor, and protect applications commonly found in corporate SaaS environments—tackling risks such as shadow IT and unauthorized access. CEO Ofer Klein stressed that it is no longer feasible to block generative Artificial Intelligence agents outright, making visibility and security essential for modern organizations.
The fresh capital injection comes after Reco’s initial Series A in 2022, also spearheaded by Insight and Zeev. According to Klein, the rapid proliferation of generative Artificial Intelligence in businesses presents both opportunities and vulnerabilities, with new threat vectors emerging as adoption scales. Reco positions its solution as essential for safely harnessing the productivity of Artificial Intelligence while managing emerging risks, ensuring enterprise cloud applications remain secure as their technological use evolves. The company’s continued fundraising and product development efforts underscore the industry’s need for robust cybersecurity tailored to the modern SaaS environment.
