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Coro raised $100M in a Series D round led by One Peak at a $750M valuation to expand internationally and enhance AI tools for cybersecurity.

Coro raised $100M in a Series D round led by One Peak at a $750M valuation to expand internationally and enhance AI tools for cybersecurity.

03/28/24, 9:33 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/GB.svglondon
Money raised
$100 million
Industry
privacy and security
software
Round Type
series d
Investors
Balderton Capital, Energy Impact Partners, One Peak
Coro, a cybersecurity startup, has raised $100 million in a Series D round of funding, with a post-money valuation of over $750 million. The funding will be used to scale the business internationally, enhance AI tools for cybersecurity, and continue working on its all-in-one platform for small and medium businesses.

Company Info

Company
Coro
Location
london, england, united kingdom
Additional Info
The company — based out of Israel but with a substantial operation in the U.S., based out of New York and Chicago — has been around for a while. The company is not disclosing its valuation but we understand from a reliable source that it is now around $500 million. A company like Goldman Sachs might use more than 40 products, he said. ”With that, though, the platform does come with some compromises. We are excited to partner with Coro’s innovative team and participate in their journey to make non-disruptive security a mainstay of growing businesses across industries.”“We’ve been strong believers in the Coro vision since day one, and have seen the company grow exponentially with real innovation in AI automation and extensive adoption of the Coro platform by growing businesses in every industry,” added Yoav Tzruya, a general partner at JVP. (Coro’s claim is that a comparable package of point solutions might cost between $45 and $115 per user per month.) It’s a pitch that has wooed customers and investors.“Coro is the only company in the cyber security industry that is dedicated to servicing the mid-market sector with a solution that is at once affordable, easy-to-implement and truly comprehensive, enabling mid-sized businesses to protect themselves in the midst of a rapidly escalating cyber security climate,” said Rana Yared, general partner at Balderton Capital, in a statement. “Coro is well-positioned to become the go-to cybersecurity solution for the mid-market sector, and we are delighted to welcome Balderton Capital to the team as we work together to support Coro’s explosive growth.”

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