Coro Revenue, Valuation, Funding & Investors

Coro is valued at $750M as of March 2024, a 7.5x multiple on its last reported $100M revenue.

See full Coro profile

Last Coro valuation

$750M

Series D · Mar 2024

Last Coro funding round

$100M

Series D · Mar 2024

Coro revenue

$100M

Series D · Mar 2024

Key investors in Coro

  • Balderton Capital
  • Energy Impact Partners
  • Jerusalem Venture Partners (JVP)
  • Sound Ventures
  • Ballistic Ventures
  • One Peak

Coro Overview

About Coro

Coro is a Tel Aviv-headquartered cybersecurity company delivering a unified platform protecting endpoints, email, cloud applications, and web traffic. Its agentless solution detects malware, ransomware, phishing, and data exfiltration for small and medium businesses. Adopted by over 5,000 organizations globally, Coro automates threat remediation across Windows, Mac, Linux, and mobile devices.


Founded

2014

HQ

United StatesNew York City, NY

Website

coro.net

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Revenue

$100M (Mar 2024)

Valuation

$750M (Mar 2024)

Coro Valuation

Coro is currently valued at $750M, based on its Series D in March 2024.

The $100M round was led by One Peak, with participation from Balderton Capital and Energy Impact Partners.

Coro's valuation has grown 1.5x from $500M at its Series C in April 2022 to $750M in March 2024, across 3 priced rounds.

Coro valuation by funding round

Revenue multiple
Coro valuation by funding round
DateStageValuationRevenue Multiple
Mar 2024Series D$750M7.5x
Apr 2023Series C$575M5.8x
Apr 2022Series C$500M-

Coro Revenue

Coro's latest recorded revenue is $100M, as of its Series D in March 2024. At a $750M valuation, that implies a 7.5x revenue multiple.

Revenue moved from $100M in April 2023 to $100M in March 2024, while the revenue multiple moved from 5.8x to 7.5x.

Coro revenue by funding round

Coro revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Mar 2024$100M$750M7.5xSeries D
Apr 2023$100M$575M5.8xSeries C

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Coro Funding History

Coro has raised a total of $255M across 4 funding rounds.

Coro's first fundraising round was a $20M Series B in November 2018. The most recent completed round was a $100M Series D in March 2024.

Coro funding rounds

Coro funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Mar 2024Series DOne Peak (lead); Balderton Capital; Energy Impact Partners$100M$750MCoro is a New York-based cybersecurity platform purpose-built for small and medium-sized enterprises (SMEs), offering an all-in-one enterprise-grade security solution that covers endpoint protection, email and user protection, network and cloud protection. The company secured $100 million in a Series D funding round on March 28, 2024, led by One Peak, with participation from existing investors Energy Impact Partners and Balderton Capital, bringing total funds raised in the prior 24 months to $255 million. Sources indicate a post-money valuation over $750 million, higher than the $575 million from its April 2023 round but below unicorn status. The funding will support aggressive growth initiatives, including development of SME-tailored security solutions following the 2023 acquisition of Privatise, strengthening the channel partner program with more tools, enablement, and resources for North American MSPs and resellers, and accelerating global expansion into markets like the UK, Canada, and EU through local teams and brand investment. Coro co-founder Dror Liwer emphasized benefits for partners via enhanced capabilities and international reach. One Peak's David Klein highlighted Coro's phenomenal growth, right tech stack, world-class team, and potential to dominate the underserved SME cybersecurity market. Coro has demonstrated rapid traction, with revenue more than tripling annually for the past five years and projections of 200-300% growth in 2024, alongside surging channel growth and recognition such as inclusion in the Fortune Cyber 60 list for the second year. The company differentiates by building specifically for mid-market and SMBs, avoiding repackaged enterprise or consumer products like those from CrowdStrike. This round reinforces market dominance and positions Coro for R&D innovation, product expansions, hiring, and international scaling.
Apr 2023Series CEnergy Impact Partners (lead); Ballistic Ventures$75M$575MCoro is an AI-based cybersecurity platform providing a one-stop shop for mid-market companies (500-4,000 employees), offering cloud-based SaaS covering device monitoring, remediation of malicious activity, and comprehensive protection without high costs or expert needs. Founded in Israel with offices in the U.S. and U.K., it targets underserved mid-market businesses with a modern AI-powered approach to cybersecurity challenges. On April 19, 2023, Coro raised $75 million in a Series C2 round from sole investor Energy Impact Partners, increasing its post-money valuation from $500 million (prior round) to $575 million. This followed a $60 million Series C a year earlier from Balderton and JVP. The funding supports research and development operations to expand the platform amid phenomenal growth. Energy Impact Partners partner Shawn Cherian highlighted Coro's solution for mid-market needs, noting its market traction. Gunderson Dettmer represented Energy Impact Partners in the transaction. Coro demonstrated strong traction with 3X year-over-year growth for a fifth straight year through 2023, expanding across industries and earning recognitions like Fortune Cyber 60 and Deloitte Technology Fast 500. A subsequent $100 million Series D in March 2024 led by One Peak, with participation from Energy Impact Partners and Balderton, brought total fundraising to $255 million in 24 months, reinforcing SME-focused cybersecurity dominance.
Apr 2022Series CBalderton Capital (lead); Jerusalem Venture Partners (JVP); Neva SGR$60M$500MCoro is an Israel-based cybersecurity company with significant U.S. operations in New York and Chicago, offering an all-in-one SaaS-based cyber protection platform targeted at small and mid-sized businesses (SMBs and mid-market firms with 500-4,000 employees). The platform provides endpoint protection, email and user protection, network and cloud protection, leveraging AI automation for easy implementation and comprehensive security amid rising cyber threats to underserved segments. On April 5, 2022, Coro raised $60 million in a Series C funding round led by Balderton Capital, with participation from existing investor Jerusalem Venture Partners (JVP), and disclosed an additional $20 million raised in the prior six months, totaling $80 million in the period and $120 million to date. A reliable source indicated the valuation was around $500 million post-money. The funds aimed to accelerate growth, including tripling the global team with emphasis on Chicago operations, amid 300% year-over-year growth for the prior three years extending into 2022. Coro demonstrated strong traction with a threefold customer base increase in 2021, rapid expansion across industries like financial services, transportation, healthcare, retail, education, manufacturing, and professional services, thousands of installations protecting millions of devices, and top G2 Winter 2022 rankings for usability and implementation. Investors highlighted Coro's unique positioning for mid-market cybersecurity, with affordable, non-disruptive solutions driving exponential adoption.
Nov 2018Series BJerusalem Venture Partners (JVP) (lead); Sound Ventures$20M-Coro is an Israeli cybersecurity startup founded in 2013 in Beer Sheva within JVP’s cybersecurity incubator, developing a SaaS platform to protect users, devices, email, and cloud applications for mid-market and SMB businesses. The company has offices in New York, Chicago, and multiple locations in Israel, employing around 150 people as of recent reports. JVP and Sound Ventures are noted as existing investors. Later funding includes a Series C round of $60 million in April 2022 led by JVP at approximately $500 million valuation, followed by an $80 million Series C extension led by Balderton Capital also with JVP participation, bringing total funding to $120 million. An additional $75 million raise in 2023 from Energy Impact Partners valued Coro at $575 million post-money. These later rounds highlight Coro's growth trajectory with reported 300% year-over-year growth rates into 2022 and over two million users.

Who has invested in Coro?

7 investors have backed Coro across its funding rounds, including Balderton Capital, Energy Impact Partners, Jerusalem Venture Partners (JVP), Sound Ventures, Ballistic Ventures and One Peak.

Lead investors include One Peak, Energy Impact Partners, Balderton Capital and Jerusalem Venture Partners (JVP).


Coro Investors

Investors in Coro by funding rounds participated
InvestorHQRoundsRoleFirst check
Balderton CapitalUnited KingdomLondon2LeadApr 2022
Jerusalem Venture Partners (JVP)IsraelJerusalem2LeadNov 2018
Energy Impact PartnersUnited StatesNew York City, NY2LeadApr 2023
Sound VenturesUnited StatesLos Angeles, CA1ParticipantNov 2018
One PeakUnited KingdomLondon1LeadMar 2024

This data is available for Pro users. Sign up to see all 7 Coro investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Acquisitions by Coro

Coro has acquired 1 company to date.

Last acquisition by Coro was on July 26th 2023. Coro acquired Privatise for undisclosed valuation.


Latest Acquisitions by Coro

Privatise
Description
Privatise is a cybersecurity firm providing Remote Office Cluster technology headquartered in Tel Aviv, Israel. Its ROC-SASE platform deploys company devices into a secure cloud network that blocks ransomware by isolating resources and monitoring traffic, enabling one-click implementation for enterprises.
HQ CountryIsrael
HQ City
Jerusalem
Deal Date26 Jul 2023
Valuationundisclosed
EV/Revenue
EV/EBITDA

This data is available for Pro users. Sign up to see all Coro acquisitions and their M&A valuation multiples.

Start Free Trial

Coro Competitors

Coro competitors include listed companies like CANCOM, Mitek Systems and Asiainfo Security, and private ones like Proof, Nile and Exaforce.

Public and private companies comparable to Coro
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ProofUnited StatesBoston, MAPrivate--$760M-
CANCOMGermanyGermanyPublicly listed$2B$118M$740M0.4x
NileUnited StatesSan Jose, CAPrivate$8M-$775M96.9x
ExaforceUnited StatesSan Jose, CAPrivate--$725M-
Mitek SystemsUnited StatesUnited StatesPublicly listed$180M$37M$781M3.7x
Asiainfo SecurityChinaChinaPublicly listed$1.2B($11M)$781M1.1x

Coro Public Comps

Coro is still privately-owned, but its public comps include CANCOM, Mitek Systems, Asiainfo Security, Feitian Technologies, Riskified, Rapid7, OneSpan, Yubico, DBAPPSecurity and Aura.com.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
CANCOM$2B$118M0.4x0.4x6.3x5.7x
Mitek Systems$180M$37M4.1x3.7x19.9x11.2x
Asiainfo Security$1.2B($11M)1.2x1.1x(126.2x)339.7x
Feitian Technologies$104M($4K)6.2x-(168378.6x)-
Riskified$345M($31M)1.8x1.6x(20.3x)19.0x
Rapid7$860M$63M1.3x1.3x17.4x6.8x
OneSpan$243M$57M2.6x2.5x11.0x8.9x
Yubico$226M$19M3.3x3.2x39.7x25.6x

This data is available for Pro users. Sign up to see all Coro competitors and their valuation data.

Start Free Trial

Common questions about Coro

When was Coro founded?Coro was founded in 2014.
Where is Coro headquartered?Coro is headquartered in New York City, NY, United States.
Is Coro publicly listed?No, Coro is a private, VC-backed company.
What is Coro's valuation?Coro was last valued at $750M in its Series D in March 2024.
How much funding has Coro raised?Coro has raised $255M across 4 funding rounds.
What was Coro's last funding round?Coro's last funding round was a $100M Series D in March 2024, led by One Peak.
Who are Coro's investors?Coro's investors include Balderton Capital, Jerusalem Venture Partners (JVP), Energy Impact Partners, Sound Ventures, One Peak, Neva SGR and Ballistic Ventures.
What is Coro's revenue?Coro's latest recorded revenue is $100M (March 2024).
What is Coro's revenue multiple?Coro's latest valuation implies a 7.5x revenue multiple ($750M valuation on $100M of revenue).
Which companies are comparable to Coro?Companies comparable to Coro include Proof, CANCOM, Nile, Exaforce, Mitek Systems and Asiainfo Security.
How many companies has Coro acquired?Coro has acquired 1 company, including Privatise.

See companies similar to Coro

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial