Israeli Automated Cybersecurity Startup Raises $100M In Latest Round

An Israeli startup that automatically detects and fixes cybersecurity threats for small to medium-sized businesses has raised $100 million in its latest funding round. 

Coro says it automates 95 percent of the work normally carried out by software experts, allowing them to focus on larger and more complex threats.

The software is already in use by thousands of customers in small and medium-sized enterprises (SMEs) that have 500 to 4,000 employees.

According to the company, the protection covers all the needs of a business, including devices, email and cloud applications, instead of focusing solely on specific threats like malware or phishing. 

The Series D round brings to $255 million the total amount raised by the company in the last two years. 

The round was led by London-based One Peak alongside existing investors Energy Impact Partners and Balderton Capital.

“Now that Coro is established as a cybersecurity powerhouse for the SME market, the next step on our journey is to offer this radical approach to as many organizations as possible,” said Coro CEO Guy Moskowitz.

“The best way we can enable this is through our world-class global network of partners, who can launch Coro’s ease of use and simplicity at scale, bringing the current chaos of managing cybersecurity to a halt,” he said. 

“As a growth investor, we look for companies that target large, underserved markets and are in prime position to dominate that field,” said David KIein, co-founder and managing partner at One Peak. 

“Coro has already achieved phenomenal growth and success in the SME market. We are convinced that Coro has the right tech stack, a world class management team, and unlimited potential to scale the business to the next level. We’re excited to partner with Coro to help them execute on their vision and support the team in their next leg of explosive growth.”