Coro Secures $60 Million in Series C  

by Kay Aloha Villamor in April 7th, 2022

Coro, a Tel Aviv, Israel-based all-in-one cyber security platform for mid-market organizations, growing businesses, and lean IT teams, raised $60 million in a Series C round of financing, with a total of $80M in funding raised in the past six months. 

The round was led by Balderton Capital, with participation from existing investor Jerusalem Venture Partners (“JVP”). 

The funds will be used to further accelerate company growth, which has already seen significant momentum with 300% year-over-year growth for each of the past three years and into 2022. Expansion plans include aggressive hiring to triple the Coro team globally, with an emphasis on its Chicago operations.

Company: Coro Cyber Security Ltd.

Raised: $60.0M

Round: Series C

Funding Month: April 2022

Lead Investors: Balderton Capital

Additional Investors: Jerusalem Venture Partners (“JVP”)

Company Website: https://www.coro.net/

Software Category: all-in-one Cybersecurity platform

About the Company: Coro is one of the fastest-growing security solutions for the mid-market, providing all-in-one protection that empowers organizations to defend against malware, ransomware, phishing, 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 is the first SaaS solution to include all the security needed for a mid-sized business to protect its users, devices, email, and cloud applications. The platform uses AI to offload 98% of the security workload from IT onto Coro automation and is offered as a monthly subscription for only $7 per user, which makes enterprise-grade security available to any business.

Source: https://www.globenewswire.com/news-release/2022/04/05/2416725/0/en/Cyber-Security-Innovator-Coro-Secures-80M-to-Bring-Non-Disruptive-AI-Powered-Cyber-Security-to-Every-Mid-Market-Business.html

 

 

 


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