AI SaaS security startup 'Reco' raises 432 billion KRW in Series B funding
AI Security Startup Reco Recently Secured $30 Million (Approximately 43.2 Billion KRW) in Series B Funding, Officially Entering the Global SaaS and AI Security Markets. This funding will be used for talent recruitment and platform expansion across engineering, product development, and market entry strategies. Since its founding, Reco has focused on securely identifying and controlling AI tools and autonomous agents within enterprise environments, raising its total funding to $85 million (approximately 122.4 billion KRW).
Founded in 2020, Reco offers a platform equipped with continuous detection technology that automatically identifies AI-based SaaS applications, integrated functions, and even shadow AI, which are difficult for traditional security systems to detect. The platform specifically considers AI-enabled SaaS applications and independently operating AI agents as “visibility units,” providing real-time tracking of overall data flow, including who is accessing data and how permissions are being used. Helping enterprises maintain security without hindering innovation is Reco’s core competitive advantage.
Reco CEO Ofer Klein emphasized, “Today, AI has permeated the entire SaaS environment, ranging from simple applications to integrated functions and even automated consulting agents. To operate such an AI ecosystem securely, it’s not enough to focus on limited core applications; visibility and control over the entire SaaS operational architecture are essential.” He added, “Reco’s design aims to provide the broadest and most in-depth detection coverage for AI SaaS security.”
Reco’s technology has been adopted by several Fortune 500 companies and large global enterprises. Notable clients include Check Point Software Technologies, American Express Business Travel, Monday.com, Nestlé, UiPath, Denso Group, and Cato Networks. These companies utilize Reco’s real-time monitoring capabilities within AI-integrated SaaS environments to detect risky behaviors, misconfigurations, excessive permissions, and abnormal AI usage patterns, thereby strengthening their security systems.
This round of funding was led by Zeev Ventures, with participation from Insight Partners, Boldstart Ventures, Angular Ventures, Workday Ventures, TIAA Ventures, S Ventures, and Quadril Capital. Oren Zeev, head of Zeev Ventures, stated, “We have seen successful models with promising SaaS companies like Navan and Tipalti. Reco demonstrates similar growth indicators, and with the explosive growth in AI SaaS security demand, the market opportunity is extremely promising.”
As AI technology becomes fully integrated into SaaS and autonomous agents lead data processing within organizations, Reco is proposing a “next-generation AI security standard” to match this trend. When balancing security with innovation speed and preventing security from hindering innovation becomes a prerequisite for enterprises adopting AI, Reco’s developments are attracting widespread industry attention.