SaaS and AI Security Is Here: Reco Raises Series B to Dominate the Future of AI Usage in SaaS

I'm thrilled to announce that Reco has raised $30 million in Series B funding, bringing our total funding to $85 million. This round was led by Zeev Ventures, with participation from all our existing investors—Insight Partners, boldstart ventures, and Angular Ventures—and new corporate investors including Workday Ventures, TIAA Ventures, S Ventures, and Quadrille Capital.

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This milestone comes less than 10 months after our last raise, and there's a simple reason why: the market has spoken. Organizations everywhere are racing to adopt AI, and they're discovering what we've been saying all along, that traditional security tools weren't built for this new reality.

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The AI SaaS Security Gap Is Real

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Here's what's happening in enterprises today: AI is everywhere, but most of it is invisible to security teams. We've seen the data firsthand. Seventy-one percent of knowledge workers are using AI tools without IT approval. Twenty percent of enterprises have already experienced data leaks tied to shadow AI usage. These aren't hypothetical risks anymore, they're happening right now.

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The fundamental challenge is that AI is being consumed through SaaS. Whether it's standalone AI applications like ChatGPT, AI agents embedded in platforms like Salesforce and Copilot, or AI-powered integrations connecting business systems, the attack surface has exploded. AI agents are now acting as autonomous users, creating new identities, permissions, and integrations that traditional security tools simply can't see or control.

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We've watched incidents involving groups like ShinyHunters, breaches tied to platforms like Salesloft and Gainsight, and the emergence of AI-orchestrated attacks. The pattern is clear: SaaS has become the primary target, and AI has made the problem exponentially more complex.

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Growth That Validates the Vision

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Our growth tells the story of this market shift better than anything else. After growing 500% year-over-year in 2024, we scaled an additional 400% in 2025—on a significantly larger base. That kind of acceleration doesn't happen by accident. It happens when you're solving a problem that keeps CISOs up at night.

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We're now working with multiple Fortune 500 companies and leading global enterprises across financial services, healthcare, technology, pharma, and manufacturing. What's particularly exciting is that much of this growth has been inbound. Security leaders are actively seeking solutions because they recognize that enabling AI adoption safely requires a fundamentally different approach.

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The feedback from customers like Waste Management captures exactly what we set out to build: a platform that doesn't just identify problems but actually frees up security teams to focus on strategic work rather than drowning in manual processes.

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Built for the AI Era

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From day one, Reco was designed specifically for the AI era. We're not retrofitting legacy tools to handle modern challenges, we built a purpose-built SaaS security platform from the ground up that secures SaaS AI, apps and agents. Our platform secures AI adoption across hundreds of thousands of SaaS apps and agents, and here's the key differentiator: it's all powered by our own AI Agents.

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These agents continuously monitor SaaS environments to provide real-time visibility into applications, users, permissions, and AI-driven activity. They understand AI-powered apps, autonomous agents, embedded AI features, SaaS-to-SaaS AI interactions, and even Model Context Protocols. This agent-driven approach gives security teams something they've never had before: a clear understanding of what applications are in use, how data flows across SaaS systems, and where risk is introduced.

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Our AppFactory adds new SaaS integrations in just 2–3 days and currently supports over 215 apps—the broadest coverage in the market. This matters because enterprises aren't using five apps anymore, they're using hundreds or thousands. You need security that can scale at the same pace as adoption.

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What's Next

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This funding represents more than capital—it's validation from some of the sharpest investors in the industry that SaaS security is not just a category, it's the critical security category for modern enterprises. As Oren Zeev put it, he's seeing the same pattern with Reco that he saw with companies like Navan and Tipalti. The market demand is there, and it's accelerating.

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We'll use this funding to double down on what's working. That means significant hiring across engineering, product, and go-to-market teams. We're laser-focused on discovering and securing AI apps and agents at scale because that's where the market is heading.

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The role of the CISO has fundamentally changed. Security leaders are no longer just gatekeepers, they're enablers of business transformation. Their job is to make AI adoption safe and scalable, not to block it. That requires deep visibility, continuous discovery, and control across SaaS applications and AI agents at scale. That's the opportunity Reco was built to address.

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Thank You

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None of this would be possible without our incredible team, our supportive investors, and most importantly, our customers who trusted us early and continue to push us to build the platform they need. To our new investors at Workday Ventures, TIAA Ventures, S Ventures, and Quadrille Capital—welcome to the journey. To Zeev Ventures for leading this round and to our existing investors for continuing to back us—thank you for believing in the vision.

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The future of enterprise security isn't about protecting the perimeter anymore. It's about securing the thousands of SaaS applications and AI agents that power modern business. That future is already here, and we're building the platform to secure it.

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Here's to what comes next.