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Coro raised $100M in a Series D round led by One Peak at a $750M valuation to expand internationally and enhance AI tools for cybersecurity.

Mar 28, 2024over 1 year ago

Amount Raised

$100 Million

Round Type

series d

ChicagoSecuritySoftware

Investors

Balderton CapitalEnergy Impact PartnersOne Peak

Description

Coro, a cybersecurity startup, has raised $100 million in a Series D round of funding, with a post-money valuation of over $750 million. The funding will be used to scale the business internationally, enhance AI tools for cybersecurity, and continue working on its all-in-one platform for small and medium businesses.

Company Information

Company

Coro

Location

Chicago, Illinois, United States

About

Coro is the leading cybersecurity platform for small and midsize businesses, making security simpler and smarter through the world’s first modular cybersecurity platform. Coro empowers organizations to defend against ransomware, phishing, malware, insider threats, and more—across users, devices, networks, and cloud apps. Coro’s modular platform stops threats in its tracks—automatically detecting and remediating security threats across businesses without draining IT resources. Coro is one of North America's fastest-growing cybersecurity companies, ranked on the 2024 Deloitte Technology Fast 500 for the second year in a row.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech