Coro, a New York-based cybersecurity platform specifically designed for small and medium-sized enterprises (SMEs), has secured $100 million in Series D funding.
Investors
The round was 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 $255 million in the last 24 months.
One Peak is a growth equity firm with $2.0 billion in assets under management that invests in technology companies in the scale-up phase. It provides growth capital, operating expertise, and access to its extensive network of exceptional entrepreneurs.
Coro Use of Funds
The company will use the fresh funds to accelerate global expansion, R&D innovation, and investment in Coro’s strategic partnerships and channels.
About Coro
Coro provides an all-in-one cybersecurity solution offering an enterprise-grade security software platform to SMEs, covering endpoint protection, email and user protection, and network and cloud protection. Coro’s platform empowers organizations to easily defend against malware, ransomware, phishing, data leakage, network threats, insider threats, and email threats across devices, users, networks, and cloud applications. Its 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.
Funding Details
Company: Coro Cyber Security Ltd
Raised: $100.0M
Round: Series D
Funding Month: March 2024
Lead Investors: One Peak
Additional Investors: Energy Impact Partners, Balderton Capital
Company Website: https://www.coro.net/
Software Category: Cybersecurity
Source: https://www.coro.net/press/coro-secures-100-million-funding-round-to-drive-aggressive-growth-to-transform-cybersecurity-for-smes