Coro raises $100M to grow SMB cybersecurity platform

Coro has secured $100 million in Series D funding to grow its cybersecurity platform designed for small and medium-sized businesses (SMBs).

The company will use the new funds to invest in global expansion, research and development (R&D) and strategic partnerships, Kolo said in an article in the paper on Thursday (March 28). press release.

“Coro is now established as a leading cybersecurity company. [SMB] The next step in our journey is to bring this radical approach to as many organizations as possible. ” Guy Moskowitzsaid Coro’s CEO in a release.

According to the release, Coro offers an “all-in-one cybersecurity solution” that includes endpoint protection, email and user protection, and network and cloud protection. Designed to be affordable and easy to use for SMBs, IT teams, and their partners.

In October 2023, the company launched a modular cybersecurity platform called Coro 3.0 with 14 modules that can be activated on-demand according to users’ needs, according to a release. The platform provides protection against malware, ransomware, phishing, data breaches, network threats, insider threats, and email threats.

Coro’s latest funding round was led by one peak The total amount of funding the company has raised in the past 24 months is $255 million, according to the release.

The company targets a large, underserved market and is well positioned to do so. david kleinsaid One Peak co-founder and managing partner in a release.

“Colo has already experienced tremendous growth and success. [SMB] It’s a market,” Klein said. “We are confident that Coro has the right technology stack, a world-class management team, and unlimited potential to scale the business to the next level.”

PYMNTS Intelligence finds that small and medium-sized businesses face increasing fraud. cyber security Concerns. At the same time, these companies are challenged to address these threats due to their small security teams and inflation-sensitive budgets. ”How small businesses can combat the threat of remote work fraud”, PYMNTS Intelligence and american express collaboration.

In another effort to address these challenges, visa and small business insurance companies. true shield insurance announced in February that they were working together to provide eligible small businesses with protections such as: cyber security threat.

Together, the companies will provide eligible Visa cardholders with access to TruShield commercial insurance policies and work to increase awareness of cybersecurity threats.

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