Reco Raises $30 Million to Enable Organizations to Secure their SaaS

Founded in 2020, Reco builds tools to secure sensitive assets for organizations by mapping and monitoring contextual metadata. Using applied machine learning, Reco creates a model of the relationships among an organization’s employees, teams, and third parties as they interact and collaborate, helping security teams understand and visualize threats from collaboration and sharing. In addition, Reco quickly plugs into tools like Slack, Google Drive, Microsoft OneDrive, Jira and more to create a contextualized knowledge graph through which security teams can detect and respond to unauthorized or anomalous activity instantly.

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“While collaboration tools speed up the flow of work in the modern enterprise, they also expose companies to a new set of vulnerabilities and an increased area of risk,” said Ofer Klein, Co-Founder and CEO of Reco. “Securing critical assets is a top priority for any organization, and the only way to spot real collaboration security incidents is by understanding the business context of every single interaction. That’s where Reco comes in.”

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Reco has received high marks from its customers, including early customers SolarEdge and Tipalti. “Reco allowed us to easily find and act upon potential data leak risks, with no false positives and a very simple setup” said Igor Vainberg, CTO of Tipalti. Dror Hevlin, CISO of SolarEdge, said “40% of my team’s time is now free to do other things. They used to have to handle static policies and deal with thousands of false positives.”

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By using Reco’s solution, organizations are able to intelligently detect and remediate common problems like erroneous outside vendor access and files being sent to or shared with the wrong individual.

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It does so by leveraging the Reco Ontology, an overarching metadata view underpinned by two main components: Collaboration Mapping and Business Content Justification. Collaboration Mapping identifies interactions, classifies entities and categorizes them via their actual business process. Business Content Justification predictively calculates the reasoning behind the transfer of assets or sharing in collaboration tools, helping security teams to intelligently identify sensitive assets without ever viewing the content.

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Taken together, Reco is securing the new frontier of enterprise collaboration.

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‍About Reco

Reco is a leading identity-centric SaaS security solution. It empowers organizations with full visibility into every app, identity, and their actions to seamlessly prioritize and control risks in the SaaS ecosystem. Their AI-based graph technology connects in minutes and provides immediate value to security teams to continuously discover all SaaS applications including sanctioned and unsanctioned apps, associated identities from both humans and machines, their permission level, and actions. 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 Identities Interaction Graph and empowers security teams to take swift action to effectively prioritize their most critical points of risk. The company’s leadership team brings expertise and innovation from leading technology, cybersecurity and counterintelligence organizations. Reco is backed by top-tier investors including Insight Partners, Zeev Ventures, BoldStart Ventures, and Angular Ventures and has established partnerships with leading technology companies including Wiz, Palo Alto Networks, BlinkOps, Tines and Torq.