Invigorated by a $100 million funding round, Coro accelerated its mission to empower SMBs and their service providers with powerful cybersecurity that’s accessible to all

CHICAGO: Coro, the leading cybersecurity platform for small and midsize businesses, today announced a milestone year in 2024 with plans for continued global growth and expanded investment in strategic partnerships in 2025. Most notably, Coro secured $100 million in Series D funding in 2024, reinforcing the company’s market dominance and advancing its mission to provide small and midsize businesses with robust yet accessible cybersecurity.

“It has truly been a monumental year for Coro,” said Guy Moskowitz, CEO of Coro. “The funding we secured in March has allowed us to introduce Coro’s revolutionary offerings to a larger network of organizations and the feedback has been incredible. We were also honored to be recognized with a number of industry awards, validating our pursuit to support those who are traditionally overlooked by the cybersecurity industry. It’s a thrilling time to be a member of the Coro team.”

Coro’s highlights from 2024 include:

Business Growth

• In March, Coro secured $100 million in Series D funding led by One Peak. This funding round brought the total funds raised in the preceding 24 months to $255 million.
• For the second consecutive year, Coro was named to the Fortune Cyber 60 list of the fastest growing companies in cybersecurity.
• Coro also ranked No. 51 on the 2024 Deloitte Technology Fast 500 list of fastest-growing companies – its second year in a row earning a spot on the list.
• Coro’s revenue grew by 2670% in the past three years.

Industry Recognition

• Coro’s Partner Program was recognized by CRN with a prestigious 5-star rating in its 2024 Partner Program Guide. The 5-Star rating is awarded to the companies that have built their partner programs to go above and beyond in their commitment to nurturing strong, profitable, and successful channel partnerships.
• Coro won three 2024 Cybersecurity Excellence Awards, including the highly coveted Fastest Growing Cybersecurity Company, as well as awards in the Modular Cybersecurity and Security Platform product categories.
• Midsize Enterprise Services, a brand of The Channel Company, named Coro to its 2024 MES Midmarket 100 list for the second consecutive year.
• Coro’s VP of East Coast Channels Sara Blengeri and Head of National Partner Management Hilary Gadda were named to CRN’s 2024 Women of the Channel list.

Expanded Offerings

• Coro partnered with E&I Cooperative Services in order to bring cutting-edge cybersecurity solutions to E&I’s network of over 6,000 member schools.
• In April, Coro announced the results of its 2024 SME Security Workload Impact Report, revealing that 73% of SME security professionals have missed, ignored or failed to act on critical security alerts, with respondents noting a lack of staff and a lack of time as the top two reasons.
• Coro announced the opening of its London-based research and development center, as well as the establishment of local data centers in Canada and Germany.

In 2025, Coro plans to continue prioritizing building long-lasting partnerships, investing in business growth and executing its mission of providing strong, affordable cybersecurity solutions to small and midsize businesses worldwide.

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.

Fonte: Business Wire