Reco Company Profile

Background

Founded in 2020, Reco is a privately held company specializing in full lifecycle SaaS security solutions. The company's mission is to empower organizations to discover their SaaS applications, identities, and data, control access, and prevent the risk of exposure. Reco utilizes advanced analytics to monitor personas, actions, interactions, and relationships among users, providing security teams with the insights needed to swiftly mitigate risks.

Key Strategic Focus

Reco's strategic focus centers on delivering comprehensive SaaS security solutions that encompass:

Discovery and Monitoring: Identifying and continuously monitoring SaaS applications, user identities, and data within an organization.

Access Control: Implementing robust access controls to prevent unauthorized access and potential data breaches.

Risk Prevention: Utilizing advanced analytics to detect misconfigurations, over-permissioned users, compromised accounts, and risky user behaviors.

The company targets organizations seeking to enhance their SaaS security posture, particularly those with extensive SaaS application usage and complex user environments.

Financials and Funding

Reco has secured a total of $30 million in funding over two rounds:

Series A: Raised $30 million on June 3, 2022.

Notable investors include Insight Partners, Zeev Ventures, BoldStart Ventures, and Angular Ventures. The capital is intended to support product development, market expansion, and scaling operations.

Technological Platform and Innovation

Reco differentiates itself through its proprietary technologies and innovative methodologies:

Advanced Analytics: Employing machine learning algorithms to analyze user behaviors, interactions, and relationships, enabling the detection of potential security threats.

Comprehensive SaaS Security: Offering a full lifecycle approach to SaaS security, from discovery and monitoring to access control and risk prevention.

Leadership Team

Reco's leadership comprises experienced professionals with backgrounds in technology, cybersecurity, and counterintelligence:

Ofer Klein: Co-Founder & CEO. Former Israeli pilot and serial entrepreneur with extensive experience in building and growing go-to-market teams in SaaS companies in the U.S.

Gal Nakash: Co-Founder & Chief Product Officer. Former Lieutenant Colonel in the Israeli Prime Minister's Office, with expertise in security research and cybersecurity.

Dr. Tal Shapira: Co-Founder & Chief Technology Officer. Holds a Ph.D. from Tel Aviv University and previously led a cybersecurity R&D group within the Israeli Prime Minister's Office.

Competitor Profile

Market Insights and Dynamics

The SaaS security market is experiencing significant growth, driven by the increasing adoption of cloud-based applications and the need for robust security measures to protect sensitive data. Organizations are seeking comprehensive solutions that can address the complexities of SaaS environments.

Competitor Analysis

Key competitors in the SaaS security space include:

Lepide: Provides data security solutions focusing on data protection, compliance, and threat detection.

SmarTek21: Offers IT services with a focus on data management and security.

Capstone: Provides operational support and integrated technology services for defense and federal government organizations.

Microdata Systems and Management: Specializes in AV and ICT solutions.

Strategic Collaborations and Partnerships

Reco has established partnerships with leading technology companies, including Wiz, Palo Alto Networks, and Torq. These collaborations aim to enhance Reco's product offerings and expand its market reach.

Operational Insights

Reco's strategic considerations include:

Market Positioning: Differentiating itself through a full lifecycle approach to SaaS security, addressing discovery, monitoring, access control, and risk prevention.

Competitive Advantages: Leveraging advanced analytics and machine learning to provide comprehensive security insights, enabling organizations to proactively address potential threats.