Cybersecurity

Coro secures $100 million to strengthen cybersecurity for small and medium-sized businesses

Written by Gloria Mesri

today

  • balderton capital
  • cloud security
  • Coro

Coro, Cybersecurity, RegTech, One Peak, USACoro, a cybersecurity platform focused on small and medium-sized enterprises (SMEs), has secured $100 million in Series D funding. One Peak led the investment round, which included existing investors Energy Impact Partners and Balderton Capital.

This funding round brings the total amount of funding raised in the past 24 months to $255 million. This new investment strengthens Coro’s market presence and accelerates the company’s mission to provide enterprise-grade cybersecurity that is accessible to everyone to small businesses and their service providers.

Coro is an all-in-one cybersecurity solution that provides small and medium-sized businesses with an enterprise-grade security software platform that covers endpoint protection, email and user protection, and network and cloud protection. Small and medium-sized businesses face an increasing volume and complexity of cyber-attacks and lack affordable solutions to adequately protect their technology stacks. Coro’s easy-to-use platform provides automated and affordable protection for IT teams and their partners 24/7.

Coro’s dedication to protecting and supporting small businesses has been fundamental to its success, driving impressive growth and propelling Coro to market leadership status within a few years. In 2023, Coro expanded its customer base across all industries, achieving record 3x year-over-year growth for the fifth consecutive year.

“As growth investors, we target large, underserved markets and look for companies that are well-positioned to dominate,” he said. David Keane, One Peak Co-Founder and Managing Partner. “Coro has already experienced tremendous growth and success in the small and medium-sized business market. We are excited to partner with Coro to help realize their vision and support the team in the next phase of their explosive growth.”

“Now that Coro is established as a leading cybersecurity player in the small business market, the next step in our journey is to bring this fundamental approach to as many organizations as possible,” he said. . Guy Moskowitz, Coro CEO. “The best way to do this is through our global network of world-class partners to bring Coro’s ease of use and simplicity to scale at scale and end current cybersecurity management confusion.”

“We are pleased to continue supporting Coro as a leader in providing cybersecurity solutions to small and medium-sized businesses.” Lana Yared, General Partner, Balderton Capital. “We believe that providing protection and reassurance to this segment of the market is critical to economic growth.”

“We are excited to continue our journey with Coro. The unwavering focus on small businesses, the most underserved segment of the cybersecurity market, and the team’s incredible execution ability will continue to drive this market forward.” We look forward to solidifying Coro’s superiority in the market.” Shawn Cherian, Partner, Energy Impact Partners.

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