Coro Secures $100 Million in Funding to Enhance Small Business Cybersecurity Platform

Coro has recently acquired $100 million in Series D funding to enhance its cybersecurity platform tailored for small and medium-sized businesses (SMBs).

The company plans to utilize this new funding for expanding globally, investing in research and development (R&D), and forming strategic partnerships, as stated in a recent press release issued on Thursday (March 28).

According to Coro CEO Guy Moskowitz, “Now that Coro has solidified its position as a cybersecurity leader in the SMB market, our next goal is to extend our innovative approach to as many organizations as possible.”

Coro offers a comprehensive cybersecurity solution that includes endpoint protection, email and user protection, and network and cloud protection, making it both cost-effective and user-friendly for SMBs, IT teams, and their partners.

In October 2023, the company introduced Coro 3.0, a modular cybersecurity platform featuring 14 modules that can be activated on demand to provide defense against various threats such as malware, ransomware, phishing, data leakage, network threats, insider threats, and email threats.

Led by One Peak, Coro’s latest funding round brings the total funds raised in the past 24 months to $255 million, positioning the company to dominate its market, as noted by One Peak co-founder and managing partner David Klein.

In response to the growing fraud and cybersecurity concerns faced by SMBs, efforts are being made to address these challenges. For example, Visa and small business insurance provider TruShield Insurance are collaborating to offer eligible SMBs protection against cybersecurity threats, aiming to raise awareness of these issues and provide support to Visa cardholders.

For more insights on B2B, B2B Payments, commercial payments, and cybersecurity, stay updated with the latest news on PYMNTS.

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