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- Reco
Reco Valuation, Funding & Investors
Reco is valued at $185M as of February 2026.
Last Reco valuation
$185M
Series B · Feb 2026
Last Reco funding round
$55M
Series B · Sep 2026
Cumulative funding Reco raised
$150M
across 5 funding rounds
Key investors in Reco
boldstart ventures
Angular Ventures
Insight Partners
Zeev Ventures
Quadrille Capital
Plug and Play
About Reco
Reco is a Tel Aviv-headquartered SaaS security provider offering an AI-powered platform for cloud application governance. Its agents detect shadow IT, assess risks in SaaS apps like Slack and Zoom, and map user behaviors via real-time interaction graphs. Reco secures enterprises by prioritizing threats based on metadata-trained models, serving financial services and tech firms with automated remediation workflows.
Founded
2020
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$185M (Feb 2026)
Reco Valuation
Reco is currently valued at $185M, based on its Series B in February 2026. Read the announcement ↗
The $30M round was led by Zeev Ventures, with participation from S Ventures, Workday Ventures, Quadrille Capital, boldstart ventures, TIAA Ventures and 2 other investors.
Reco valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Feb 2026 | Series B | $185M |
Reco Funding History
Reco has raised a total of $150M across 5 funding rounds.
Reco's first fundraising round was a $10M seed round in November 2020. The most recent completed round was a $55M Series B in September 2026.
Reco funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2026 | Series B | Forestay Capital; AT&T Ventures; Quadrille Capital | $55M | - | Reco raised $55 million in an additional funding round in September 2026 with participation from AT&T Ventures, Forestay Capital, and Quadrille Capital, extending its previously announced $30 million Series B and bringing total funding to $140 million. The round was structured as a Series B extension and was positioned as strategic growth capital to accelerate commercial expansion, with proceeds earmarked for sales, partnerships, channels, and customer support as enterprise adoption of agentic security moved from early projects to broader deployment. Reco is an Israeli-founded agentic security company focused on protecting SaaS and enterprise applications from risks created by AI agents. The company had previously completed a $30 million Series B in February 2026, and the September financing increased total capital raised to $140 million; AT&T Ventures participated as a strategic investor through its venture arm after being a customer, alongside new backers Forestay Capital and Quadrille Capital and existing investors from the prior round. |
| Feb 2026 | Series B | Zeev Ventures (lead); S Ventures; Workday Ventures; Quadrille Capital; boldstart ventures; TIAA Ventures; Angular Ventures; Insight Partners | $30M | $185M | Reco is a cybersecurity company founded by Ofer Klein (CEO), Gal Nakash (CPO), and Dr. Tal Shapira (CRO) that specializes in securing AI-driven SaaS environments. The company protects enterprises from shadow AI risks—the unauthorized use of AI tools outside IT approval and supervision—and provides visibility and control over complex cloud environments. With approximately 100 employees split evenly between Israel and the United States, Reco serves a client base that includes Fortune 500 companies across finance, healthcare, pharmaceuticals, manufacturing, and technology sectors. In February 2026, Reco raised $30 million in a Series B round led by Zeev Ventures, with participation from existing investors Insight Partners, boldstart ventures, and Angular Ventures, and new corporate investors Workday Ventures, TIAA Ventures, S Ventures, and Quadrille Capital. This funding closed less than 10 months after the company's prior Series A round, bringing total capital raised to approximately $85 million. The capital will be used to scale engineering, product, and go-to-market teams, with a focus on enhancing capabilities to discover and secure AI applications and agents at enterprise scale. Reco demonstrated exceptional growth momentum heading into the Series B. The company achieved 500% year-over-year growth in 2024, followed by an additional 400% growth in 2025 on a much larger revenue base, driven by sharp increases in enterprise AI adoption and the proliferation of shadow AI usage. The company's AppFactory platform supports over 215 SaaS integrations and claims to deliver new integrations within two to three days, positioning it with the widest platform coverage in the market. Leading investors highlighted the massive market opportunity in AI SaaS security, noting that 71% of knowledge workers now use AI tools without IT approval and 20% of enterprises have experienced data leaks related to shadow AI usage. |
| Apr 2025 | Series A | Insight Partners (lead); Zeev Ventures; boldstart ventures; Angular Ventures; RedSeed Ventures | $25M | - | Reco is a cybersecurity startup providing Dynamic SaaS Security through an AI-native platform that discovers, classifies, and secures SaaS applications, addressing sprawl in enterprise environments with rapid integrations for over 175 apps via its SaaS App Factory. On April 22, 2025, Reco raised $25 million in an oversubscribed round led by Insight Partners, with participation from Zeev Ventures, boldstart ventures, Angular Ventures, and new investor Redseed, bringing total funding to $55 million. The capital will accelerate platform development, expand channel partnerships, introduce AI agents, and support global scaling amid rising demand for proactive security against shadow apps and AI proliferation. The round followed explosive 2024 growth, including a 5x increase in ARR, 3x customer expansion, and NPS of 82, with strong adoption in finance, insurance, healthcare, pharmaceuticals, and tech sectors. Reco's platform operates 10x faster than competitors, requires 80% less implementation effort, and adds new integrations in days, positioning it as an end-to-end solution outperforming legacy SSPM tools. CEO Ofer Klein highlighted the funding as validation of demand-driven growth in dynamic SaaS security. Reco continues rapid scaling post-round, securing over 50,000 applications in discovery and planning AI-powered agents for alert triaging. A subsequent $30 million Series B in early 2026 led by Zeev Ventures built on 400% growth in 2025 after 500% in 2024, driven by AI adoption, amid competition from firms like Torq (valued at $1.2B) and Cyera ($9B). The company emphasizes overachievement against plans and challenges in meeting demand. |
| Jun 2022 | Series A | Insight Partners (lead); Zeev Ventures (lead); Plug and Play; Jibe Ventures; boldstart ventures; Angular Ventures; Cyber Club London; Crew Capital | $30M | - | Reco is a cybersecurity startup building dynamic SaaS security, discovering, classifying and securing SaaS applications to address shadow IT and data leak risks in enterprise environments. It was founded in 2020 with roots in Israel and now operates from New York, and had raised a $4.2 million seed round led by boldstart ventures with Angular Ventures before this round. On June 3, 2022, Reco announced a $30 million Series A co-led by Insight Partners and Zeev Ventures, with participation from boldstart ventures, Angular Ventures, Jibe Ventures, Crew Capital, Cyber Club London and Plug and Play. The proceeds were earmarked for product development and go-to-market expansion, with the aim of preventing sensitive data leaks across the SaaS applications used by enterprises. The company later raised a $25 million Series A extension in April 2025 from Insight Partners, Zeev Ventures, boldstart ventures and Angular Ventures after 5x growth in 2024, bringing total funding to $55 million, and a further $30 million Series B reported in 2026 for a total of $85 million. |
| Nov 2020 | Seed | Angular Ventures (lead); boldstart ventures (lead) | $10M | - | Reco provides an identity-centric SaaS security solution that offers full visibility into apps, identities, and actions to prioritize and control risks in the SaaS ecosystem. Its AI-based graph technology discovers sanctioned and unsanctioned SaaS applications, associated identities, permissions, and actions. Reco raised a $4.2 million seed round on November 10, 2020, followed by a $10 million Series B on November 12, 2021. Angular Ventures and boldstart ventures participated in early rounds, with later funding including Insight Partners and Zeev Ventures. Reco has partnerships with companies like Wiz, Palo Alto Networks, BlinkOps, Tines, and Torq, and serves customers including SolarEdge and Tipalti. |
Who has invested in Reco?
15 investors have backed Reco across its funding rounds, including boldstart ventures, Angular Ventures, Insight Partners, Zeev Ventures, Quadrille Capital and Plug and Play.
Lead investors include Zeev Ventures, Insight Partners, Angular Ventures and boldstart ventures.
Reco Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Nov 2020 | ||
| 4 | Lead | Nov 2020 | ||
| 3 | Lead | Jun 2022 | ||
| 3 | Lead | Jun 2022 | ||
| 2 | Participant | Feb 2026 | ||
| 1 | Participant | Jun 2022 | ||
| 1 | Participant | Jun 2022 | ||
| 1 | Participant | Sep 2026 | ||
| 1 | Participant | Feb 2026 | ||
| 1 | Participant | Sep 2026 | ||
| 1 | Participant | Feb 2026 | ||
| 1 | Participant | Feb 2026 | ||
| 1 | Participant | Apr 2025 | ||
This data is available for Pro users. Sign up to see all 15 Reco investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialReco Competitors
Reco competitors include listed companies like Ivalue Infosolutions and Expert.ai, and private ones like CloudSEK, Oleria, Deep Instinct and Bureau.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $10M | - | $200M | 20.0x | ||
| Private | - | - | $162M | - | ||
| Private | - | - | $223M | - | ||
| Private | - | - | $150M | - | ||
| Publicly listed | $111M | $15M | $115M | 0.8x | ||
| Publicly listed | $51M | $5M | $195M | 3.9x |
Reco Public Comps
Reco is still privately-owned, but its public comps include Cyber Security Cloud, WALLIX, Acer Cyber Security, Elements, Micro Systemation, Expert.ai, Digimarc, Clavister Holding, Gogolook and AInnovation Technology.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $32M | $8M | 5.2x | 5.0x | 20.8x | - | |||
| $45M | $5M | 3.9x | 3.3x | 35.5x | 28.4x | |||
| $75M | $44M | 1.8x | 1.7x | 3.1x | 5.2x | |||
| $25M | ($4M) | 7.2x | - | (45.9x) | - | |||
| $47M | $8M | 4.0x | 3.3x | 22.9x | 14.0x | |||
| $51M | $5M | 4.1x | 3.9x | 40.6x | 26.3x | |||
| $34M | ($25M) | 5.8x | 6.8x | (7.9x) | - | |||
| $23M | $3M | 7.9x | 5.5x | 60.1x | 22.1x | |||
This data is available for Pro users. Sign up to see all Reco competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Reco
| When was Reco founded? | Reco was founded in 2020. |
| Where is Reco headquartered? | Reco is headquartered in Orlando, FL, United States. |
| Is Reco publicly listed? | No, Reco is a private, VC-backed company. |
| What is Reco's valuation? | Reco was last valued at $185M in its Series B in February 2026. |
| How much funding has Reco raised? | Reco has raised $150M across 5 funding rounds. |
| What was Reco's last funding round? | Reco's last funding round was a $55M Series B in September 2026. |
| Who are Reco's investors? | Reco's investors include boldstart ventures, Angular Ventures, Zeev Ventures, Insight Partners, Quadrille Capital, Plug and Play, Jibe Ventures, Forestay Capital, S Ventures, AT&T Ventures and 5 others. |
| Which companies are comparable to Reco? | Companies comparable to Reco include CloudSEK, Oleria, Deep Instinct, Bureau, Ivalue Infosolutions and Expert.ai. |
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