You read the headline correctly! Coro has secured an additional $75 million in funding. This most recent round of funding gets us to $155 million in the past 12 months. Energy Impact Partners are now among our current investors: Balderton Capital and JVP.
“Coro’s phenomenal growth shows they have the right solution for a huge and underserved market,” said Shawn Cherian, Partner at Energy Impact Partners. “Mid-market companies need a comprehensive cyber solution that protects their vital business assets without spending outrageous sums or requiring hard to find cybersecurity experts. Coro’s AI-powered platform, based on a modern approach to solving cybersecurity challenges, is taking the market by storm. We’re thrilled to be a part of the Coro revolution as they help secure the nation’s mid-market businesses and enable them to grow and thrive.”
We continue to experience dramatic growth across all aspects of our business. Our modern approach to cybersecurity — delivering enterprise-grade security through a single platform that unifies, simplifies, and automates workloads — is securing more than 5,000 mid-market customers across every industry.
Over the past year, we tripled our revenue, customer and employee base, and signed more than 100 new channel partners. Coro also expanded our footprint in Chicago, where a new business enablement center is under development to support our direct sales team and rapidly growing network of resellers. Coro projects it will again grow 300% year-over-year in 2023, extending our extraordinary record for the fifth year in a row.
“The additional funding is a validation that Coro’s disruption of the cybersecurity industry is succeeding,” said our CEO, Guy Moskowitz. “While many cybersecurity vendors tried to address the mid-market by selling traditional products that were designed for an enterprise cybersecurity team to manage, Coro took a completely different route. Our modern approach to cybersecurity, where one platform automatically addresses all aspects of cybersecurity, was built from the ground up to ensure that mid-market companies can get enterprise grade protection without the complexity, workload or inflated price tag.”
Coro is one of the fastest growing security solutions for the mid-market, providing cloud based cybersecurity in a box that empowers organizations to defend against malware, ransomware, phishing, and bots across devices, users, and cloud applications. More than 5,000 businesses depend on Coro for holistic security protection, unrivaled ease of use, and unmatched affordability.
Built on the principle of non-disruptive security, the Coro platform employs innovative AI technology to identify and remediate the many security threats that today’s distributed businesses face, without IT teams having to worry, investigate, or fix issues themselves.
Investors in Coro include Balderton Capital, JVP, MizMaa Ventures, and Ashton Kutcher’s Sound Ventures.
For more information, please visit Coro at coro.net, or via LinkedIn, Twitter, or Facebook.