Coro Secures Funding to Strengthen SME Cybersecurity

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Coro, the pioneering cybersecurity platform tailored for small and medium-sized enterprises (SMEs), has announced a significant milestone in completing a $100 million Series D funding round. Led by One Peak, this investment reaffirms Coro’s commitment to providing accessible and affordable cybersecurity solutions to SMEs, addressing their pressing need for robust protection against cyber threats.

The funding round, which also saw participation from existing investors Energy Impact Partners and Balderton Capital, highlights the confidence in Coro’s market position and its mission to empower SMEs with cutting-edge cybersecurity technology. With cyberattacks on SMEs on the rise, Coro’s all-in-one security software platform offers comprehensive protection across endpoints, email, users, and networks, filling a crucial gap in the cybersecurity landscape.

Driven by a user-friendly interface and automated functionalities, Coro’s platform ensures SMEs can access enterprise-grade security without the complexity and high costs typically associated with cybersecurity solutions. The infusion of funds will further accelerate Coro’s product innovation efforts, including organic growth initiatives and strategic acquisitions such as the recent integration of Privatise in 2023.

Additionally, Coro plans to expand its support for channel partners, particularly in North America, by enhancing its programme for managed service providers (MSPs) and resellers. The company also aims to bolster its global presence through the establishment of local marketing and channel teams, along intensified brand awareness campaigns.

Amidst a year marked by 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 remains steadfast in its commitment to excellence and innovation. Recognised with numerous industry accolades, Coro is well-positioned to consolidate its leadership in the SME cybersecurity domain.

David Klein, co-founder and managing partner at One Peak, expressed confidence in Coro’s growth trajectory, citing the company’s strong technological foundation and exceptional management team. With unlimited potential to scale the business to new heights, Coro is poised for continued success in delivering unparalleled cybersecurity solutions to SMEs worldwide.