Coro bags $100m to reinforce cybersecurity for SMEs with Series D funding

Coro bags $100m to reinforce cybersecurity for SMEs with Series D funding

Coro, the pioneering cybersecurity platform specifically designed for small and medium-sized enterprises (SMEs), announced today that it has secured $100m in a Series D funding round.

This investment, led by One Peak, also saw participation from existing investors Energy Impact Partners and Balderton Capital, marking a significant milestone in the company’s journey. The funding is earmarked to bolster Coro’s market position and fast-track its mission to provide SMEs and their service providers with top-notch cybersecurity that’s both accessible and affordable.

The company has carved a niche for itself by offering an all-in-one security software platform that addresses endpoint protection, email & user protection, and network & cloud protection. This comprehensive coverage comes at a time when SMEs are increasingly under threat from cyber-attacks, yet find themselves grappling with the high costs and complexity of existing cybersecurity solutions. Coro’s user-friendly platform ensures around-the-clock protection in an automated and economically feasible manner, making it a game-changer in the industry.

The newly acquired funds will be allocated towards product innovation, including both organic growth and strategic acquisitions, as highlighted by the recent acquisition of Privatise in 2023. Furthermore, Coro aims to amplify its support for channel partners by enhancing its program for North American MSPs and resellers, and to expedite its global expansion through the establishment of local marketing and channel teams and increased brand awareness efforts.

In addition to these initiatives, the funding will help cement Coro’s leadership in the cybersecurity domain for SMEs. Following a year of significant milestones, including the launch of Coro 3.0 – the industry’s first modular cybersecurity platform – and substantial growth in its channel partner network, Coro is poised for even greater achievements. The company has also been acknowledged with numerous industry accolades, underscoring its commitment to excellence and innovation in cybersecurity.

David Klein, Co-founder and Managing Partner at One Peak, expressed confidence in Coro’s trajectory, noting, “As a growth investor, we look for companies that target large, underserved markets and are in prime position to dominate that field. Coro has already achieved phenomenal growth and success in the SME market. We are convinced that Coro has the right tech stack, a world class management team, and unlimited potential to scale the business to the next level. We’re excited to partner with Coro to help them execute on their vision and support the team in their next leg of explosive growth.”

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