Coro

Coro (formerly Coronet) initially provided services to protect consumer gadgets from cyber threats on public networks. The company has since pivoted to provide AI-based automated threat detection and a remediation platform that protects against malware, ransomware, phishing, and bot attacks across users, devices, email, and cloud applications for small and mid-market companies with 30–3,000 employees.

The company offers its platform under a subscription model for USD 8.99 per user per month, and also includes a free basic plan with limited features.

In July 2023, Coro announced intentions to acquire network solutions company Privatise for an undisclosed sum, a move that would reportedly allow the firm to offer SASE as part of its unified cyber platform for SMEs.

Key customers and partnerships

Coro’s solutions cater to organizations across the automotive, education, finance, government, healthcare, IT, manufacturing, technology, and trucking sectors. The company reported 5,000 customers in April 2023. 

Funding and financials

In April 2023, the company raised USD 75 million from Energy Impact Partners in a Series C2 funding round, at a USD 575 million valuation. The funds were expected to be utilized to invest in R&D, business development, explore M&A opportunities, and expand its headcount.

Coro achieved a growth of 300% YoY over 2019–2021, which continued into 2022.