Israeli Cybersecurity Startup Coro Raises $75M

An Israeli startup that automatically detects and fixes cybersecurity threats to businesses raised $75 million. 

Coro says it automates 95 percent of the work otherwise done by the professionals who maintain and repair the software, allowing them to focus on larger and more complex threats.

The software is already used by thousands of customers in mid-market companies with 500 to 4,000 employees. 

It says its protection covers all business needs  – users, devices, email, data, and cloud applications – instead of focusing on specific threats like anti-malware or phishing protection, 

The new investment announced today brings the total funding raised by Coro in the last year to $155 million.

Over the last year, the company has tripled its revenue, customer and employee base, and signed more than 100 new channel partners. 

It expects to grow by a further 300 percent in 2023, for a fifth year in-a-row. The company is now valued at $575 million. 

Coro will use the new funding to grow its R&D, as well as its channel, sales and service teams to support its growing customer base. 

“The additional funding is a validation that Coro’s disruption of the cybersecurity industry is succeeding,” said Guy Moskowitz, CEO.

”While many cybersecurity vendors tried to address the mid-market by selling traditional products that were designed for an enterprise cybersecurity team to manage, Coro took a completely different route.

“Our modern approach to cybersecurity, where one platform automatically addresses all aspects of cybersecurity, was built from the ground up to ensure that mid-market companies can get enterprise grade protection without the complexity, workload or inflated price tag.”

The funds were raised by Energy Impact Partners. Coro was founded in 2014, and is based in Tel Aviv. 

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