Coro Secures $60M At Around A $500M Valuation For An All-In, Saas-Based Cyber Protection Platform Aimed At Smbs

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The company — based out of Israel but with a substantial operation in the U.S., based out of New York and Chicago — has been around for a while. The company is not disclosing its valuation but we understand from a reliable source that it is now around $500 million. A company like Goldman Sachs might use more than 40 products, he said. ”With that, though, the platform does come with some compromises. We are excited to partner with Coro’s innovative team and participate in their journey to make non-disruptive security a mainstay of growing businesses across industries.”“We’ve been strong believers in the Coro vision since day one, and have seen the company grow exponentially with real innovation in AI automation and extensive adoption of the Coro platform by growing businesses in every industry,” added Yoav Tzruya, a general partner at JVP. (Coro’s claim is that a comparable package of point solutions might cost between $45 and $115 per user per month.) It’s a pitch that has wooed customers and investors.“Coro is the only company in the cyber security industry that is dedicated to servicing the mid-market sector with a solution that is at once affordable, easy-to-implement and truly comprehensive, enabling mid-sized businesses to protect themselves in the midst of a rapidly escalating cyber security climate,” said Rana Yared, general partner at Balderton Capital, in a statement. “Coro is well-positioned to become the go-to cybersecurity solution for the mid-market sector, and we are delighted to welcome Balderton Capital to the team as we work together to support Coro’s explosive growth.”