Coro, a NYC-based cybersecurity platform purpose-built for small and medium-sized enterprises (SMEs), secured $100m in Series D funding.
The round, which brought the total funds raised to $255m in the last 24 months, was led by One Peak, with participation from existing investors Energy Impact Partners and Balderton Capital.
The company intends to use the funds to:
- to develop security solutions tailored specifically for the SME market through both organic growth and strategic acquisitions, following the acquisition of Privatise in 2023.
- to further strengthen its channel partner program, providing additional support and resources for its North American MSP and reseller network.
- to accelerate global expansion by establishing local marketing and channel teams and investing in brand awareness to support international partners.
Led by Guy Moskowitz, CEO, Coro is an all-in-one cybersecurity solution offering an enterprise-grade security software platform to SMEs covering endpoint protection, email & user protection and network & cloud protection. The platform empowers organizations to defend against malware, ransomware, phishing, data leakage, network threats, insider threats and email threats across devices, users, networks and cloud applications. The 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.
Coro also invested extensively across its North American sales and channel organizations in 2023. The company added 300 new channel partners, expanded its channel headcount by nearly 500%, and established a business enablement center in Chicago to support its direct sales and channel partner ecosystem. Coro also expanded globally with the opening of its UK R&D Center and data centers in both Canada and Germany to facilitate the regional expansion of both channel partnerships and customers.
FinSMEs
28/03/2024