Reco raises $30 nillion

Reco , a New York-based SaaS and AI security company, has raised $30 million in a Series B round led by Zeev Ventures, with participation from Insight Partners, boldstart ventures, Angular Ventures, Workday Ventures, TIAA Ventures, S Ventures, and Quadrille Capital, bringing total funding to $85 million. The company said annual recurring revenue grew 400% in 2025 as enterprises increased their use of AI tools and SaaS applications.

Founded in 2020, Reco’s platform helps organizations track SaaS and AI usage by monitoring users, permissions, integrations, and data flows to identify configuration issues and potential risks. The new funding will be used to expand hiring and product development, with a focus on improving detection and security of AI applications and automated agents used in enterprise environments.