Israeli cloud security startup Coronet announced that it has entered an agreement to partner with Dropbox to bring its innovative data breach protection platform to the US-based company’s millions of users, Reuters reported. Coronet’s platform will be integrated into Dropbox’s own security features, and will be available by the end of the year.
Coronet targets small- and medium-sized businesses, and says this particular market is under-served when it comes to data security.
“We believe this market is underprotected because it can’t afford enterprise-grade security and even if it could, it can’t manage it because it’s complex,” co-founder and Chief Information Security Officer Dror Liwer told Reuters.
The partnership, he says, will “probably bring millions of new customers for the company.” Users will pay an additional $2.00 a month to get Coronet’s offering, Liwer said.
Coronet was founded in 2013 and has offices in Tel Aviv, New York, and Berlin.