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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

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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.

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