Science & Technology

Coro Raises $100 Million

Coro raised $100 million following a Series D funding round to develop its cybersecurity platform designed for small and medium-sized businesses.

Coro Raises $100 Million

This week, the mentioned firm published a press release clarifying that the money received will also be used to solve tasks in the context of such areas of activity as business scaling at the global level, strategic partnerships, and research. Moreover, the company will devote part of the new funding to improve its products.

Guy Moskowitz, CEO of Coro, says that the firm has established itself as a cybersecurity powerhouse for the small and medium-sized business market. The head of the company stated that the next important step is to continue the implementation of the existing corporate approach in the framework of interaction with as many organizations as possible.

Coro offers consumers an all-in-one cybersecurity solution. In this case, endpoint, email, and user protection are provided. The company also ensures network and cloud protection. Coro products have been designed to be affordable and easy to use for small and medium-sized businesses, IT teams, and their partners.

Last October, the company launched a modular cybersecurity platform called Coro 3.0. This development includes 14 modules that can be activated at the user’s request. The platform guarantees protection against malware, ransomware, data leaks, network threats, phishing, insider threats, and email threats.

The latest round of Coro funding was led by One Peak. Over the past 24 months, the company has raised a total of $255 million.

As we have reported earlier, Reality Defender Raises $15 Million to Detect Deepfakes.

Serhii Mikhailov

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Serhii’s track record of study and work spans six years at the Faculty of Philology and eight years in the media, during which he has developed a deep understanding of various aspects of the industry and honed his writing skills; his areas of expertise include fintech, payments, cryptocurrency, and financial services, and he is constantly keeping a close eye on the latest developments and innovations in these fields, as he believes that they will have a significant impact on the future direction of the economy as a whole.