Coro, a New York-based startup that provides a modern cybersecurity platform for mid-market organizations, announced that it raised an additional $75 million in funding from Energy Impact Partners.
This investment brings Coro's total to $155 million in just 12 months. Coro will use the new funding to support its rapidly growing customer base and drive aggressive growth across its R&D, channel, sales, and service teams.
The new capital will also enable Coro to continue to expand the capabilities of its cybersecurity platform, both organically and through strategic acquisitions.
“The additional funding is a validation that Coro’s disruption of the cybersecurity industry is succeeding,” said Guy Moskowitz, CEO, of Coro. “While many cybersecurity vendors tried to address the mid-market by selling traditional products that were designed for an enterprise cybersecurity team to manage, Coro took a completely different route. Our modern approach to cybersecurity, where one platform automatically addresses all aspects of cybersecurity, was built from the ground up to ensure that mid-market companies can get enterprise grade protection without the complexity, workload or inflated price tag.”
Company: Coro Cyber Security Ltd.
Round: Series C
Funding Month: April 2023
Lead Investors: Energy Impact Partners
Company Website: https://www.coro.net/
Software Category: AI-based Cybersecurity Platform
About the Company: Coro provides modern cybersecurity that unifies comprehensive protection into a single platform. Coro employs innovative AI technology to identify and remediate the many security threats that today's distributed businesses face, without IT teams having to worry, investigate, or fix issues themselves. Coro empowers organizations to defend against malware, ransomware, phishing, data leakage, insider threats, and bots across devices, users, and cloud applications. More than 5,000 businesses depend on Coro for holistic security protection, unrivaled ease of use, and unmatched affordability. Coro’s modern cybersecurity platform automatically detects and remediates the many security threats that today's distributed businesses face, without IT teams having to worry, investigate, or fix issues themselves.