CyberTech Coro inks $60m in Series C raise

Coro, an all-in-one Cyber protection firm, has secured from $60m a Series C funding round.

The Series C was led by Balderton Capital and saw participation from Jerusalem Venture Partners. This brings the total raised by the company over the last six months to $80m.

Established in 2013, Coro is focused on dealing with cybersecurity issues in the SMB and mid-market segments where the majority of cyberattacks occur.

The firm’s security-as-a-service solution relies on AI for automation and includes the relevant tools to protect devices, cloud applications, users and emails from phishing, malware, ransomware and bot threats. The company claims more than 5,000 companies use its platform.

According to Coro, it plans to use its new funds to accelerate growth through aggressive hiring worldwide and triple its employee base.

Coro CEO Guy Moskowitz said, “With this latest round, we will further enable mid-sized companies to operate in the midst of an increasingly sophisticated and aggressive cyber landscape with genuine peace of mind and refocus critical resources on running successful businesses instead of on managing cyber security.”

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