In a game-changing movement for small and medium-sized businesses (SMBs) worldwide, Coro has secured a whopping $100 million in Series D funding. This injection of capital aims to fuel the growth of Coro’s innovative cybersecurity platform tailored specifically for SMBs.
With this substantial financial backing, Coro is set to embark on a journey of global expansion, intensifying research and development efforts, and forging strategic partnerships, as outlined in their recent press release on Thursday, March 28th.
Guy Moskowitz, CEO at Coro, expressed his excitement about the company’s evolution, stating, “Now that Coro is established as a cybersecurity powerhouse for the SMB market, the next step on our journey is to offer this radical approach to as many organizations as possible.”
At the core of Coro’s offerings lies an “all-in-one cybersecurity solution,” encompassing endpoint protection, email and user protection, and network and cloud protection. Designed with affordability and user-friendliness in mind, Coro aims to cater to the unique needs of SMBs, their IT teams, and partners.
Notably, in October 2023, Coro unveiled its modular cybersecurity platform, Coro 3.0, boasting 14 customizable modules that can be activated on demand. This platform equips users with robust defense mechanisms against an array of cyber threats, including malware, ransomware, phishing, data leakage, network threats, insider threats, and email threats.
Leading the latest funding round is One Peak, propelling Coro’s total funds raised in the past 24 months to an impressive $255 million. David Klein, co-founder and managing partner at One Peak, highlighted Coro’s remarkable growth trajectory, emphasizing its potential to dominate the SMB cybersecurity landscape.
Klein remarked, “Coro has already achieved phenomenal growth and success in the SMB 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.”
The significance of bolstering cybersecurity measures for SMBs cannot be overstated. Research conducted by PYMNTS Intelligence in collaboration with American Express underscores the escalating fraud and cybersecurity concerns faced by SMBs, exacerbated by limited security teams and budget constraints amidst inflationary pressures.
Recognizing the urgent need to address these challenges, Visa and small business insurance provider TruShield Insurance recently announced a collaborative effort. This initiative aims to extend protection against cybersecurity threats to eligible SMBs, offering Visa cardholders access to TruShield’s commercial insurance policies while raising awareness of cybersecurity risks.
In conclusion, Coro’s monumental funding milestone signifies a pivotal moment in fortifying cybersecurity resilience among SMBs worldwide. With its unwavering commitment to innovation and accessibility, Coro is poised to redefine the landscape of SMB cybersecurity, safeguarding businesses against evolving threats in an increasingly digitized world.This article offers free shipping on qualified Face mask products, or buy online and pick up in store today at Medical Department
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