Adrian Johnson
TLDR:
- Coro, a cybersecurity platform for SMEs, secures $100m in Series D funding led by One Peak.
- The funding will be used for product innovation, global expansion, and to support channel partners.
Coro, a pioneering cybersecurity platform specializing in small and medium-sized enterprises (SMEs), announced today that it has raised $100m in a Series D funding round. Led by One Peak and with participation from existing investors Energy Impact Partners and Balderton Capital, this investment marks a significant milestone for the company. The funds will be used to strengthen Coro’s market position and accelerate its mission to provide top-notch cybersecurity that is both accessible and affordable to SMEs and their service providers.
Coro is known for its all-in-one security software platform that covers endpoint protection, email & user protection, and network & cloud protection. This comprehensive offering comes at a critical time when SMEs are increasingly vulnerable to cyber-attacks but struggle with the high costs and complexities of existing cybersecurity solutions. Coro’s user-friendly platform ensures around-the-clock protection in an automated and economically feasible manner, positioning it as a game-changer in the industry.
The newly acquired funds will be allocated towards product innovation, including both organic growth and strategic acquisitions, as evidenced by the recent acquisition of Privatise in 2023. Additionally, Coro plans to enhance its support for channel partners by improving its program for North American MSPs and resellers and to facilitate its global expansion through the establishment of local marketing and channel teams and increased brand awareness efforts.
With a focus on cementing its leadership in the cybersecurity domain for SMEs, Coro has already achieved significant milestones, such as the launch of Coro 3.0 – the industry’s first modular cybersecurity platform – and substantial growth in its channel partner network. Recognized with multiple industry accolades, Coro’s commitment to excellence and innovation in cybersecurity is evident.
David Klein, Co-founder and Managing Partner at One Peak, expressed confidence in Coro’s trajectory, emphasizing the company’s potential for explosive growth. The partnership between One Peak and Coro aims to further scale the business and execute on Coro’s vision for dominance in the SME market.
