Skip to main content

Cybersecurity platform Coro raises $100 mln at valuation of $750 mln

1 min Mena Today

Coro, a U.S.-Israeli cybersecurity platform for small and medium-sized businesses (SMEs), has raised $100 million in a private funding round at a company valuation of $750 million, it said on Thursday.

Coro is an all-in-one cybersecurity system that offers an enterprise-grade security software platform to SMEs © X

Coro is an all-in-one cybersecurity system that offers an enterprise-grade security software platform to SMEs © X

Coro, a U.S.-Israeli cybersecurity platform for small and medium-sized businesses (SMEs), has raised $100 million in a private funding round at a company valuation of $750 million, it said on Thursday.

The series D round was led by One Peak, with participation from existing investors Energy Impact Partners and Balderton Capital, it said, bringing total funds raised to $255 million in the past 24 months.

The new funds will be used to boost product innovation and accelerate global expansion, Coro said.

Coro is an all-in-one cybersecurity system that offers an enterprise-grade security software platform to SMEs, covering endpoint protection as well as email and user protection plus network and cloud protection.

SMEs, the company said, are facing increasing volumes and complexity of cyberattacks and lack affordable solutions to help them to protect themselves adequately.

"We aim to turn Coro into a multibillion-dollar company, as we’ve done multiple times before,” said Yoav Tzruya, general partner at Jerusalem Venture Partners and a Coro board member.

Reporting by Steven Scheer

Tags

Related

Yemen

Signal head defends messaging app's security after US war plan leak

The president of Signal defended the messaging app's security on Wednesday after top Trump administration officials mistakenly included a journalist in an encrypted chatroom they used to discuss looming U.S. military action against Yemen's Houthis.

Technology

MENA sovereign wealth funds boost AI investments

Over the past year, three of the Middle East and North Africa's (MENA) largest sovereign wealth funds—the Public Investment Fund (PIF) of Saudi Arabia, the Qatar Investment Authority (QIA), and Abu Dhabi's Mubadala Investment Company—have significantly increased their investments in artificial intelligence (AI), underscoring the region's commitment to technological advancement and economic diversification.

Subscribe to our newsletter

Mena banner 4

To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.

  • Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.