Coro, the leading cybersecurity platform purpose-built for small and medium-sized enterprises (SMEs), today announced it 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 the total funds raised to $255 million in the last 24 months. The new investment will reinforce Coro’s market dominance and accelerate its mission to empower SMEs and their service providers with enterprise-grade cybersecurity that’s accessible to all.
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. SMEs are facing increasing volumes and complexity of cyber attacks, and lack affordable solutions to help them adequately protect their tech stack. Coro’s easy-to-use platform enables IT teams and their partners to be protected 24/7 in an automated and affordable way.
Coro’s dedication to protecting and empowering SMEs has been a cornerstone of its success, driving remarkable growth and catapulting Coro to a market leadership position within a few short years. In 2023, Coro expanded its customer base across every industry vertical, achieving 3X year-over-year growth for a record fifth year in a row. Coro was named to the inaugural Fortune Cyber 60 and to the 2023 Deloitte Technology Fast 500, in recognition of its achievements as one of the fastest growing cybersecurity companies in North America.
The new funding will be used to:
Fuel product innovation: Coro will continue to develop industry-leading security solutions tailored specifically for the SME market through both organic growth and strategic acquisitions, following the successful acquisition of Privatise in 2023.
Empower channel partners: Coro will further strengthen its channel partner program, providing additional support and resources for its North Am ..
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