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§ Private Profile · New York City, NY, USA
Cybersecurity platform offering all-in-one protection for small and mid-sized businesses, simplifying security and minimizing IT overhead.
Based in Beer Sheva, Israel, Coro develops an all-in-one cybersecurity platform designed to protect users, devices, email, and cloud applications for small and mid-sized businesses. The private company operates on a software-as-a-service subscription model charging $15 per user monthly, specifically targeting underserved organizations with 20 to 2,000 employees across the education and automotive sectors. Utilizing intelligent automation to minimize internal information technology team overhead, Coro has scaled its global operations to approximately 350 employees while achieving 300% annual growth to reach $100 million in annual recurring revenue. The enterprise has successfully raised $280 million in total funding, securing a $750 million valuation with financial backing from prominent venture capital firms including Balderton Capital, Jerusalem Venture Partners, and Sound Ventures. Coro was originally founded in 2014 by co-founders Dror Liwer, Guy Moskowitz, Doron Milchtaich, and Carmel Domshlak.
Coro has raised $235.0M across 3 funding rounds.
Coro has raised $235.0M in total across 3 funding rounds.
Coro is a cybersecurity company providing a modular, AI-powered platform for mid-market businesses, designed to protect endpoints, email, cloud applications, data, users, and networks against threats like ransomware, phishing, malware, and insider risks.[1][2][5] It serves IT teams in sectors including healthcare, finance, education, and government, solving the problem of complex, resource-intensive security by offering automated detection, remediation, and simple management without disrupting operations.[1][2] Coro emphasizes non-disruptive security—holistic protection with ease of use and affordability—enabling lean IT teams to focus on business growth rather than constant troubleshooting.[2][5] The company has shown strong growth momentum, raising $100 million in Series D funding in March 2024 (totaling $255 million over 24 months), acquiring its first company (Privatise), expanding globally with 330 employees across offices in Chicago, New York, London, and Tel Aviv, and ranking on the 2024 Deloitte Technology Fast 500 for the second year.[1][3]
Founded in 2014 with roots in Tel Aviv, Israel, and now headquartered in Chicago, Illinois, Coro emerged to address the cybersecurity needs of small and midsize businesses overburdened by complex, expensive tools.[1][3][4] The company's backstory centers on creating non-disruptive security, born from the principle that protection should not hinder productivity or affordability, using a single AI-driven engine to automate threat handling across vectors.[2] Early development focused on modular design for easy deployment, leading to pivotal growth: rapid scaling to 330 employees, global offices, a Series D raise in 2024, and its first acquisition of Privatise to bolster the SaaS platform.[3] This evolution reflects a shift from startup origins to a pre-IPO leader, recognized as a Great Place to Work with awards like #35 on Fortune's Best Workplaces in Technology (2023).[4]
Coro stands out in the crowded cybersecurity market through these key strengths:
Coro rides the rising tide of mid-market cybersecurity demands, where SMBs face escalating threats like ransomware and phishing but lack resources for enterprise tools—timing amplified by AI advancements enabling smarter automation.[1][2] Market forces favoring Coro include the shift to cloud/hybrid work, regulatory pressures in healthcare/finance, and the need for affordable, scalable defenses amid talent shortages in IT security.[1][5] By democratizing holistic, automated protection, Coro influences the ecosystem, empowering resellers/partners (e.g., recent P2 Software deal) and reducing barriers for millions of growing businesses, fostering resilience without complexity.[1][2]
Coro is poised for accelerated growth as a pre-IPO contender, leveraging its $255 million war chest for platform enhancements, headcount expansion, and global reach toward an anticipated public offering.[3] Trends like AI-driven threat evolution, zero-trust adoption, and SMB digital transformation will shape its path, potentially amplifying influence through more acquisitions and partnerships.[1][3] Its modular model positions it to capture market share from legacy vendors, evolving from mid-market specialist to broader enterprise player—reinforcing its founding mission of simple, smart security for an increasingly threat-exposed world.[2]
Coro has raised $235.0M across 3 funding rounds. Most recently, it raised $100.0M Series D in March 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 1, 2024 | $100M Series D | David Klein | Anthemis Group, Balderton Capital, Energy Impact Partners, MMC Ventures, Nexus Venture Partners, Outrun Ventures | Announced |
| Apr 1, 2023 | $75M Series C | — | Energy Impact Partners, Nexus Venture Partners, Balderton Capital, Jerusalem Venture Partners | Announced |
| Apr 1, 2022 | $60M Series C | Balderton Capital | Anthemis Group, Engineering Capital, Jerusalem Venture Partners, MMC Ventures, NEVA SGR, Outrun Ventures, Samsung Next Ventures, Zeev Capital, RON Zuckerman, Yoav Tzruya | Announced |
Coro has raised $235.0M in total across 3 funding rounds.
Coro's investors include David Klein, Anthemis Group, Balderton Capital, Energy Impact Partners, MMC Ventures, Nexus Venture Partners, Outrun Ventures, Jerusalem Venture Partners, Engineering Capital, Jerusalem Venture Partners (JVP), NEVA SGR, Samsung NEXT Ventures.