Coro Raises $75 Million at $575 Million Valuation

Coro is a fast-growing innovative company that protects the cloud from unauthorized access and prevents data leakage. Coro has created a proprietary AI engine and a unified platform that efficiently scans and protects the entire business at once: data, users, emails, and cloud apps. Currently, the company protects over 15 million users and over 5,000 businesses across the world.

Coro has raised $75 million in a “Series C2” round, which has brought the company’s valuation to $575 Million. The funding is coming from a single investor, Energy Impact Partners, known for green-tech investments and backing numerous cybersecurity and enterprise startups. In total, Coro has raised $155 million till that moment.

Coro, Tel Aviv, Israel, was founded in 2014 by Carmel Domshlak, Doron Milchtaich, Dror Liwer, and Guy Moskowitz.Coro’s phenomenal growth shows they have the right solution for a huge and underserved market,” said Shawn Cherian, a partner at Energy Impact Partners, in a statement. “Mid-market companies need a comprehensive cyber solution that protects their vital business assets without spending outrageous sums or requiring hard-to-find cybersecurity experts. Coro’s AI-powered platform, based on a modern approach to solving cybersecurity challenges, is taking the market by storm. We’re thrilled to be a part of the Coro revolution as they help secure the nation’s mid-market businesses and enable them to grow and thrive.”

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