Coro’s co-founders (PR Pic)
Coro, an Israeli cybersecurity startup, secured $100 million in a series D funding round led by One Peak. This comes almost a year after the company raised $75 million. Coro has now raised a total of $255 million in the last 24 months.
Coro offers a cybersecurity platform purpose-built for small and medium-sized enterprises (SMEs).
Cybersecurity firms are really bringing in the money these days. And investors certainly have reason to believe that cybersecurity will bring them their best return on investment. Security is almost synonymous with Israel Startup Nation. So, of course, if a company wants a security firm to acquire it will look to Israel.
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What country is better suited to be the leading innovator in the world when it comes to this field?
Everyone knows that Israel has been at the forefront of security – all security – since its inception, from military innovations to cybersecurity. Now, combine that with Israel’s high-tech sector and the ability of Israelis to innovate and be problem solvers in just about any field.
Founded in JVP’s incubator in Beersheva in 2014 by CEO Guy Moskowitz, chief scientist Prof. Carmel Domshlak, customers officer Doron Milchtaich and EVP business development Dror Liwer, Coro provides security solutions for the mid-market, providing all-in-one protection that the company boasts empowers organizations to defend against malware, ransomware, phishing, bots, account takeover, and malicious behavior across devices, users, and cloud applications. More than 5,000 businesses depend on Coro for holistic security protection, unrivaled ease of use, and unmatched affordability. Coro employs innovative AI technology to identify and remediate the many security threats that today’s distributed businesses face, without IT teams having to worry, investigate, or fix issues themselves.
“Now that Coro is established as a cybersecurity powerhouse for the SME market, the next step on our journey is to offer this radical approach to as many organizations as possible,” said Guy Moskowitz, CEO, Coro. “The best way we can enable this is through our world-class global network of partners, who can launch Coro’s ease of use and simplicity at scale, bringing the current chaos of managing cybersecurity to a halt.”
“As the founding investor of Coro, we at JVP have been fortunate to collaborate with Guy and the management team on building a true category leader in cybersecurity for SMEs. We aim to turn Coro into a multi-billion-dollar company, as we’ve done multiple times before,” stated Yoav Tzruya, General Partner at JVP, and Coro’s Board Member. “We look forward to collaborating with OnePeak, EIP and Balderton in building Coro as a disruptive company in the cybersecurity market.”
