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.