This New York-based Startup, Reco, is Using AI to Help Businesses Secure Sensitive Files That Move Across Collaboration Technologies Like Slack, Google Drive, JIRA

Cloud collaboration tools have revolutionized how modern businesses operate and collaborate. Companies were constrained to utilize collaboration solutions to support their remote workforces as a result of the pandemic. Companies began leveraging applications like Slack, Teams, and Google Drive to speed up business operations with their employees, customers, and vendors. However, these channels have limited oversight. They also expose businesses to a new set of vulnerabilities as well as a significant risk area.

New York-based Reco is solving this problem by employing applied machine learning to secure critical assets for businesses by mapping and monitoring data exchange both inside and outside the firm and flagging potential risks as they arise. Reco’s solution enables businesses to intelligently detect and resolve issues such as erroneous outside vendor access and data being transferred to or shared with the wrong person.

The Reco Ontology, an overarching metadata view anchored by two primary components, Collaboration Mapping and Business Content Justification, is the idea behind their solution. Collaboration Mapping is a technique for identifying interactions, classifying entities, and categorizing them according to their business processes. Business Content Justification predicts the logic behind asset transfers or sharing in collaborative tools. Reco identifies the data assets that move across collaboration technologies by mapping sensitive business activities and interactions. 

Reco’s goal is to enable secure collaboration at the speed of business. It can integrate with tools such as Slack, Google Drive, Microsoft OneDrive, Jira, and others to create a contextualized knowledge graph that allows security teams to detect and respond to illegal or suspicious activity in real-time.

Founded in 2020, Reco has raised $30 million in a Series A funding round led by Insight Partners and Zeev Ventures. BoldStart, CrewCapital, Angular Ventures, Jibe Ventures, and Cyber Club London also participated in the round. The company aims to use these funds for product development and support its go-to-market strategy.

References:

  • https://recolabs.ai/
  • https://www.crunchbase.com/organization/reco-67bb
  • https://techcrunch.com/2022/06/03/reco-raises-30m-to-prevent-sensitive-data-leaks/
  • https://venturebeat.com/2022/06/06/recolabs-hopes-to-secure-enterprise-collaboration/
  • https://readitquik.com/collaboration-and-workflow/reco-to-prevent-sensitive-data-leaks-with-30-million/