$100M Funding Helps Coro Drive Growth to Transform Cybersecurity for SMEs

$100M Funding Helps Coro Drive Growth to Transform Cybersecurity for SMEs

By Greg Tavarez

2023 was a year of many milestones and achievements for Coro.

In October 2023, Coro launched Coro 3.0, an innovative solution that offers 14 integrated modules, including endpoint detection and response, SASE and email security that can be activated as needed to scale with a company's evolving needs. Coro 3.0 simplifies deployment and management by consolidating critical security features into a single pane of glass, a single data engine, and a single endpoint agent.

Coro also added 300 new channel partners, increased its channel headcount by nearly 500% and established a business enablement center in Chicago to support both direct sales and channel partners in 2023. To facilitate further global expansion, Coro opened a UK research and development center and data centers in Canada and Germany.

Coro's commitment to customer satisfaction and product performance was recognized throughout 2023 by industry publications and organizations. Coro's EDR achieved a perfect 100% accuracy rating in testing conducted by SE Labs. Coro received over 40 badges from G2 customer peer reviews, including awards for midsize companies in categories such as Easiest to Use, Easiest to Do Business With, Best Support and Best Estimated ROI. Coro was also named one of the 100 Best Medium Workplaces by Fortune Media and Great Place to Work in 2023.

Those are but a few of the accolades that the cybersecurity platform for the SME market achieved last year.

But what exactly is Coro?

Coro is an all-in-one cybersecurity solution offering an enterprise-grade security software platform to SMEs covering endpoint protection, email and user protection and network and cloud protection. Coro’s easy-to-use platform enables IT teams and their partners to be protected 24/7 in an automated and affordable way.

With its dedication to protecting and empowering SMEs, Coro announced it secured $100 million in Series D funding led by One Peak, with participation from existing investors Energy Impact Partners and Balderton Capital.

The new investment reinforces Coro’s market dominance and accelerates its mission to empower SMEs and their service providers with enterprise-grade cybersecurity that’s accessible to all.

To be more specific, the new funding will be used to help Coro develop security solutions tailored specifically for the SME market through organic growth and strategic acquisitions, following the successful acquisition of Privatise in 2023.

Coro will further strengthen its channel partner program and provide additional support and resources for its North American MSP and reseller network. Coro will also accelerate global expansion by establishing local marketing and channel teams and investing in brand awareness to support Coro’s international partners.

“Now that Coro is established as a cybersecurity powerhouse for the SME market, the next step on our journey is to offer this radical approach to as many organizations as possible,” said Guy Moskowitz, CEO, Coro. “The best way we can enable this is through our world-class global network of partners, who can launch Coro’s ease of use and simplicity at scale, bringing the current chaos of managing cybersecurity to a halt.”

This funding round brings the total funds raised to $255 million in the last 24 months.




Edited by Alex Passett
Get stories like this delivered straight to your inbox. [Free eNews Subscription]

MSPToday Editor

SHARE THIS ARTICLE
Related Articles

ICYMI: News Around the MSP Industry

By: Greg Tavarez    5/17/2024

Here are a few articles compiled into one for readers interested in developments around the MSP space.

Read More

Wildix UK and Ireland Shake Up Leadership for Growth and Innovation

By: Greg Tavarez    5/16/2024

Wildix announced a strategic leadership transition designed to propel the company's market growth.

Read More

Are Resellers Leaving Money on the Table?

By: Special Guest    5/16/2024

The expert and correct installation of network infrastructure and other components is crucial to every IT project's success, adding tangible value by …

Read More

Bitwarden's New Standalone App Makes Two-Factor Authentication Simple

By: Greg Tavarez    5/15/2024

Bitwarden recently launched a standalone app for two-factor authentication to protect online services and applications from unauthorized access.

Read More

Cyware Quarterback: The AI Playmaker for Advanced Security Operations

By: Greg Tavarez    5/15/2024

Cyware Quarterback is a user-friendly, AI-powered interface that streamlines security tasks for enterprise clients and security information sharing gr…

Read More