Reco Raises $30M Series B to Secure SaaS and AI Environments

Reco announced a 30 million dollar Series B funding round on February 10, 2026, in New York. The round was led by Zeev Ventures with participation from all existing investors, including Insight Partners, boldstart ventures and Angular Ventures. New corporate investors Workday Ventures, TIAA Ventures, S Ventures and Quadrille Capital also joined. The funding arrived less than 10 months after Reco's previous raise. It follows a 400 percent increase in annual recurring revenue in 2025 on a larger base after a 500 percent year-over-year rise in 2024. Growth was driven by rising enterprise AI adoption and shadow AI risks, with 71 percent of knowledge workers using AI tools without IT approval and 20 percent of enterprises reporting related data leaks. Oren Zeev of Zeev Ventures said the investment follows a pattern seen with companies such as Navan and Tipalti amid strong market demand for AI SaaS security. Chief Executive Ofer Klein stated that AI is consumed through SaaS applications, agents and integrations, requiring visibility and control across the full ecosystem. The company will direct proceeds toward hiring in engineering, product and go-to-market teams to scale discovery and security of AI apps and agents. Jerich Beason, chief information security officer at Waste Management, said the partnership with Reco automated time-consuming security processes and provided visibility into AI and SaaS usage. Workday Ventures vice president Jeff Wantman and TIAA Ventures' Thompson Barro cited Reco's position in securing AI SaaS environments as a factor in their participation. Reco works with multiple Fortune 500 and global enterprises across financial services, healthcare, technology, pharma and manufacturing.