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Cybersecurity platform Coro raises $100 mln at valuation of $750 mln
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Cybersecurity platform Coro raises $100 mln at valuation of $750 mln
Mar 28, 2024 6:42 AM

JERUSALEM, March 28 (Reuters) - Coro, a U.S.-Israeli

cybersecurity platform for small and medium-sized businesses

(SMEs), has raised $100 million in a private funding round at a

company valuation of $750 million, it said on Thursday.

The series D round was led by One Peak, with participation

from existing investors Energy Impact Partners and Balderton

Capital, it said, bringing total funds raised to $255 million in

the past 24 months.

The new funds will be used to boost product innovation and

accelerate global expansion, Coro said.

Coro is an all-in-one cybersecurity system that offers an

enterprise-grade security software platform to SMEs, covering

endpoint protection as well as email and user protection plus

network and cloud protection.

SMEs, the company said, are facing increasing volumes and

complexity of cyberattacks and lack affordable solutions to help

them to protect themselves adequately.

"We aim to turn Coro into a multibillion-dollar company, as

we've done multiple times before," said Yoav Tzruya, general

partner at Jerusalem Venture Partners and a Coro board member.

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