Reco raises $25M to tame the chaos of modern SaaS

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Startup Information

• Startup Name: Reco
• Founders: Ofer Klein (CEO and Co-founder)

Funding Details

• Funding Amount: $25 million
• Total Capital Raised: $55 million
• Funding Series: Not explicitly mentioned, but this appears to be a Series A or B based on the amount and context.
• Funding Date: Announced on Tuesday (specific date not provided)

Investors

1. Insight Partners (Lead Investor)
2. Zeev Ventures
3. Boldstart Ventures
4. Angular Ventures
5. Redseed (New Investor)

Context

• Industry Focus: Cybersecurity, specifically for SaaS applications.
• Key Metric: 5x increase in Annual Recurring Revenue (ARR) over the past year.
• Challenges Addressed: Rising complexity of SaaS security due to unauthorized "shadow IT" usage, with over 1,000 applications per average organization, and the associated risk of data breaches.

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2025-04-22 15:00:00