March 28, 2024 at 10:06AM
Coro, a SaaS platform for small- and mid-sized markets, raised $100 million in Series D funding, reaching a total of $280 million. The round was led by One Peak, with additional investment from Energy Impact Partners and Balderton Capital. Coro, founded in 2014, offers an AI-powered security platform for small and medium-sized enterprises, aiming to simplify deployment and management. The investment will support product innovation and global expansion.
Key takeaways from the meeting notes:
– Coro, a company providing a security-as-a-service (SaaS) platform for small- and mid-sized enterprises (SMEs), has secured $100 million in Series D funding.
– The funding round was led by One Peak, with additional investment from Energy Impact Partners and Balderton Capital.
– The Israel-based company, founded in 2014, offers an AI-powered all-in-one platform for enterprise-grade security and protection, encompassing endpoint, network, cloud, email, and user protection capabilities.
– The platform is designed to simplify deployment and management by providing all security capabilities in a single dashboard, single data engine, and single endpoint agent.
– Coro has seen consistent year-over-year growth and intends to use the new investment to drive product innovation, enhance its channel partner program, and further expand globally, focusing on North America and other markets.
These takeaways summarize the announcement of Coro’s significant funding and its strategic plans for product development and global expansion.