Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybersecurity Funding

Coro Raises $75 Million for Mid-Market Cybersecurity Platform

Coro, an enterprise cybersecurity platform for mid-market organizations, has raised $75 million from Energy Impact Partners.

Coro, a cybersecurity firm focused on mid-market organizations, today announced that it has closed a $75 million funding round that brings the total raised by the company to $180 million.

With the new funding round, Coro adds Energy Impact Partners to its list of investors, which also includes Balderton Capital, JVP, and Sound Ventures.

Founded in 2014, the Israel-based company provides an all-in-one platform that relies on artificial intelligence (AI) to identify and address known threats and vulnerabilities across endpoints, cloud applications, data, and users.

Coro says its security-as-a-service (SaaS) solution covers all the security needs of mid-sized businesses in a single platform, reducing IT team overhead through automation and enabling remediation without disrupting operations.

The company plans to use the new investment to add new capabilities to its platform, expand its research and development, channel, sales, and services teams, and support the rapidly expanding customer base.

Coro serves over 5,000 mid-market customers in education, financial services, healthcare, manufacturing, professional services, retail, transportation and logistics, and other industries.

Related: Lockr Raises $2.5 Million for Identity and Data Protection Platform

Advertisement. Scroll to continue reading.

Related: Cerbos Raises $7.5 Million for Authorization Platform

Related: Cyfirma Raises $6 Million for Threat Management Platform

Related: OSINT Company Fivecast Raises $20 Million

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

Click to comment

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

SecurityWeek’s Threat Detection and Incident Response Summit brings together security practitioners from around the world to share war stories on breaches, APT attacks and threat intelligence.

Register

Securityweek’s CISO Forum will address issues and challenges that are top of mind for today’s security leaders and what the future looks like as chief defenders of the enterprise.

Register

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

Funding/M&A

Thirty-five cybersecurity-related M&A deals were announced in February 2023

Funding/M&A

Forty cybersecurity-related M&A deals were announced in January 2023.

Funding/M&A

Seventeen cybersecurity-related M&A deals were announced in the first half of February 2023.

Funding/M&A

More than 450 cybersecurity-related mergers and acquisitions were announced in 2022, according to an analysis conducted by SecurityWeek

Cybersecurity Funding

Network security provider Corsa Security last week announced that it has raised $10 million from Roadmap Capital. To date, the company has raised $50...

Funding/M&A

Forty-one cybersecurity-related M&A deals were announced in March 2023.