Reco Valuation, Funding & Investors

Reco is valued at $185M as of February 2026.

See full Reco profile

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

Reco Overview

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

United StatesOrlando, FL

Website

reco.ai

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

Reco valuation by funding round
DateStageValuation
Feb 2026Series 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

Reco funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Sep 2026Series BForestay 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 2026Series BZeev Ventures (lead); S Ventures; Workday Ventures; Quadrille Capital; boldstart ventures; TIAA Ventures; Angular Ventures; Insight Partners$30M$185MReco 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 2025Series AInsight 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 2022Series AInsight 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 2020SeedAngular 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

Investors in Reco by funding rounds participated
InvestorHQRoundsRoleFirst check
boldstart venturesUnited StatesNew York City, NY4LeadNov 2020
Angular VenturesUnited KingdomLondon4LeadNov 2020
Zeev VenturesUnited StatesSan Francisco, CA3LeadJun 2022
Insight PartnersUnited StatesNew York City, NY3LeadJun 2022
Quadrille CapitalFranceParis2ParticipantFeb 2026
Plug and PlayUnited StatesSan Francisco, CA1ParticipantJun 2022
Jibe VenturesIsraelTel Aviv1ParticipantJun 2022
Forestay CapitalSwitzerlandGeneva1ParticipantSep 2026
S VenturesUnited StatesMountain View, CA1ParticipantFeb 2026
AT&T VenturesUnited StatesPrinceton, NJ1ParticipantSep 2026
Workday VenturesUnited StatesSan Francisco, CA1ParticipantFeb 2026
TIAA VenturesUnited StatesNew York City, NY1ParticipantFeb 2026
RedSeed VenturesItalyMilan1ParticipantApr 2025

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Reco Competitors

Reco competitors include listed companies like Ivalue Infosolutions and Expert.ai, and private ones like CloudSEK, Oleria, Deep Instinct and Bureau.

Public and private companies comparable to Reco
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
CloudSEKSingaporeSingaporePrivate$10M-$200M20.0x
OleriaUnited StatesSeattle, WAPrivate--$162M-
Deep InstinctUnited StatesNew York City, NYPrivate--$223M-
BureauUnited StatesSan Francisco, CAPrivate--$150M-
Ivalue InfosolutionsIndiaIndiaPublicly listed$111M$15M$115M0.8x
Expert.aiItalyItalyPublicly listed$51M$5M$195M3.9x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Cyber Security Cloud$32M$8M5.2x5.0x20.8x-
WALLIX$45M$5M3.9x3.3x35.5x28.4x
Acer Cyber Security$75M$44M1.8x1.7x3.1x5.2x
Elements$25M($4M)7.2x-(45.9x)-
Micro Systemation$47M$8M4.0x3.3x22.9x14.0x
Expert.ai$51M$5M4.1x3.9x40.6x26.3x
Digimarc$34M($25M)5.8x6.8x(7.9x)-
Clavister Holding$23M$3M7.9x5.5x60.1x22.1x

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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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