Cyber security firm Coro raises $80 M for its SaaS-based cyber security platform

Coro, a startup developing an all-in-one cybersecurity platform geared at mid-market enterprises with functions to monitor devices, users, email, networks, data, and apps and remediate any malicious behavior, has raised $60 million in funding.

London-based Balderton Capital led this Series C funding round, and Jerusalem Venture Partners, a former investor, also participated in the round. In addition to this latest round, the firm is revealing for the first time an additional $20 million raised in the last six months, bringing the total raised in that time to $80 million.

“Faced with limited security expertise, staff, and budgets, mid-market companies are forced to choose between impossibly expensive and labor-intensive enterprise solutions or piecemeal off-the-shelf solutions that cover only a small portion of their attack surface – and neither of these options offers true protection. Coro is quickly becoming the standard cyber security platform for mid-market companies, with thousands of installations protecting millions of devices and phenomenal growth across the board. 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,”

Guy Moskowitz, CEO, Coro

Coro’s cyber security platform was created from the ground up to address the glaring cyber security weaknesses in the mid-market and small-to-medium-sized business segments, which are targeted by 70% of cyberattacks. 

Coro has stepped up to defend the millions of businesses that the cyber security sector has overlooked by addressing the three barriers that have existed in the past: cost, complexity, and the requirement for specialist cyber security staff.

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