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, 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
A Turkish court has ordered the blocking of certain content generated by Grok, the artificial intelligence chatbot developed by Elon Musk’s company xAI, after it reportedly produced responses deemed insulting to President Recep Tayyip Erdogan, the founder of modern Turkey Mustafa Kemal Ataturk, and religious values.
A multi-billion dollar deal to build one of the world's largest data centre hubs in the United Arab Emirates with U.S. technology is far from being concluded due to persistent concerns around security, sources familiar with the matter told Reuters.
In a bold move reflecting its ambition to become a global artificial intelligence (AI) powerhouse, the United Arab Emirates on Wednesday unveiled Falcon Arabic, a new AI model tailored specifically to the Arabic language and its diverse linguistic nuances.
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.