Attributes 2670% revenue growth to its recent funding round, product innovation, and growing network of channel partners

CHICAGO: Coro, the leading cybersecurity platform for small and midsize businesses, today announced it ranked No. 51 on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 30th year. Coro grew 2670% during this period while providing the mid-market with powerful, affordable cybersecurity solutions.

Coro’s chief executive officer, Guy Moskowitz, credits his company’s dedication to building a platform from the ground-up that protects those who have traditionally been neglected by the cybersecurity industry for its 2670% revenue growth.

“We’re honored to be recognized by Deloitte for the second consecutive year,” he said. “Small and midsize businesses have long been overlooked in cybersecurity, and we’re proud to change that by delivering robust, affordable solutions. Our growth is a testament to the power of accessible security — organizations of all sizes should be able to protect themselves without complexity or high costs.”

Last year, Coro ranked on the 2023 Deloitte Technology Fast 500 list. Since then, highlights of Coro’s growth are exemplified in its expansion into the EMEA region with the opening of Coro’s second largest R&D Center and the launch of Coro 3.0, the first modular cybersecurity platform. Most recently, Coro secured a $100 million funding round led by OnePeak to accelerate global expansion, R&D innovation, and investment in Coro’s strategic partnerships and channel.

“For 30 years we’ve been celebrating companies that are actively driving innovation. The software industry continues to be a beacon of growth, and the fintech industry made a strong showing on this year’s list, surpassing life sciences for the first time,” said Steve Fineberg, vice chair, U.S. technology sector leader, Deloitte. “Significantly, we also saw a breakthrough in performance of private companies, with the highest number of private companies named to the list in our program’s history. This year’s winners have shown they have the vision and expertise to continue to perform at a high level, and that deserves to be celebrated.”

“Innovation, transformation and disruption of the status quo are at the forefront for this year’s Technology Fast 500 list, and there’s no better way to celebrate 30 years of program history,” said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s Audit & Assurance practice. “This year’s winning companies have demonstrated a continuous commitment to growth and remarkable consistency in driving forward progress. We extend our congratulations to all of this year’s winners — it’s an incredible time for innovation.”

About the 2024 Deloitte Technology Fast 500

Now in its 30th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2020 to 2023.

In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.

About Coro

Coro, the leading cybersecurity platform for small and midsize businesses, revolutionized cybersecurity with the introduction of the world’s first modular cybersecurity platform in 2023. Coro’s platform empowers organizations to easily defend against malware, ransomware, phishing, data leakage, network threats, insider threats and email threats across devices, users, networks and cloud applications. Coro’s platform automatically detects and remediates the many security threats that today’s distributed businesses face, without IT teams having to worry, investigate, or fix issues themselves. Ranked on the 2024 Deloitte Technology Fast 500 for its second consecutive year, Coro is one of the fastest growing cybersecurity companies in North America today.

For more information, please visit Coro at coro.net, or via LinkedIn, Twitter or Facebook.

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.

Fonte: Business Wire