Overview
- Zeev Ventures led the round, joined by Insight Partners, Boldstart Ventures, Angular Ventures, Workday Ventures, TIAA Ventures, S Ventures, and Quadrille Capital, bringing total funding to about $85 million less than 10 months after the prior raise.
- Reco will use the capital for product development and hiring across engineering, product, and go-to-market teams.
- The company reports 500% ARR growth in 2024 and a further 400% increase in 2025 as enterprise AI usage expanded.
- Reco’s platform discovers and monitors SaaS apps, AI agents, permissions, and data flows, using its own agents to map SaaS-to-SaaS interactions across tools such as Salesforce, ChatGPT, and Microsoft Copilot.
- The company cites widespread unsanctioned AI use by employees and related data exposure as key demand drivers, and it works with multiple Fortune 500 firms, including a public endorsement from Waste Management’s CISO.