Coro, a cybersecurity startup based in Israel, has secured $100 million in Series D funding led by One Peak, with participation from existing investors Energy Impact Partners and Balderton Capital. This funding round brings Coro’s total funds raised to an impressive $255 million in the last 24 months. This latest investment highlights the growing demand for cybersecurity solutions tailored to small and medium-sized enterprises (SMEs).
Founded with the mission of making enterprise-grade security accessible to all, Coro offers a comprehensive cybersecurity platform designed specifically for SMEs. The platform covers endpoint protection, email and user protection, as well as network and cloud protection, providing SMEs with a holistic security solution.
CEO Guy Moskowitz expressed his excitement about the funding, stating, “Now that Coro is established as a cybersecurity powerhouse for the SME market, the next step on our journey is to offer this radical approach to as many organizations as possible.” Moskowitz emphasized the importance of partnerships in achieving this goal, highlighting Coro’s world-class global network of partners who will help scale the platform and simplify cybersecurity management for organizations.
Coro has seen remarkable growth, with its valuation increasing significantly since its last funding round just 11 months ago. The company currently employs 350 people and plans to hire an additional 150 in the coming year to support its expansion efforts.
In addition to its funding, Coro has also been focused on expanding its customer base across various industries. The company achieved 3X year-over-year growth in 2023, marking its fifth consecutive year of record growth.
Looking ahead, Moskowitz outlined Coro’s plans for geographical expansion, strategic acquisitions, and platform investment. The company aims to grow in Europe and the American market, with plans to expand to Canada, Spain, and Germany. Coro also intends to pursue strategic acquisitions to enhance its platform and widen the range of services it offers.
Moskowitz emphasized the importance of providing robust cybersecurity solutions for SMEs, noting that basic antivirus software is no longer sufficient for adequate protection. He highlighted the increasing threats targeting medium-sized and small businesses and emphasized Coro’s role as a significant player in providing optimal security solutions for SMEs.
With its recent funding and strategic plans for expansion and platform development, Coro is poised to continue its mission of revolutionizing cybersecurity for SMEs and making enterprise-grade security accessible to all.
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