Cybercriminals are now targeting small and medium businesses in addition to large enterprises, leading to the rise of startups like Coro. Coro has raised $100 million in a Series D funding round after experiencing a 300% increase in recurring revenues. The company plans to expand internationally, starting with Europe, with lead investor One Peak and participation from previous backers Energy Impact Partners and Balderton Capital.
Coro aims to enhance its AI tools to better combat cyber threats. With cybercriminals focusing more on SMBs, the company’s all-in-one platform provides email protection, endpoint protection, and cloud protection for businesses that lack dedicated security teams and budgets. Competitors in this space include CrowdStrike, CyberSmart, and Guardz.
The growth of Coro, particularly in the mid-market segment, has attracted investors like One Peak. The company’s success in the SME market and potential for further expansion has positioned it as a dominant player in the cybersecurity industry.
Coro’s consistent growth and successful fundraising rounds have set it apart in the startup landscape, with its latest valuation surpassing $750 million post-money. The company, initially known as CoroNet, has demonstrated strong performance and vision, making it a promising investment opportunity.
