What does Reco do?
Reco is a dynamic SaaS security company that addresses the security challenges of SaaS sprawl by discovering and securing SaaS applications, AI agents, and shadow AI tools. It uses analytics on user behavior to detect misconfigurations, over-permissioned users, and compromised accounts.
How much did they raise?
The company raised $25M in additional funding through a round led by Insight Partners, Zeev Ventures, BOLDStart Ventures, and Angular Ventures, with participation from Redseed. This round increased the company's total funding to $55M.
What are their plans for the money?
Reco intends to use the funds to expand its AI-driven SaaS App Factory, maintaining swift integration speeds while introducing AI agents to enhance alert systems and identity management. This expansion is expected to significantly improve the security posture for SaaS applications.
What have they achieved so far?
Reco has already demonstrated success with its proprietary SaaS App Factory, which secures over 175 applications and integrates new apps within 3-5 days, showcasing its operational efficiency and market traction.
