“SMBs Secure $100M Investment in Coro’s Cybersecurity Solution, Valued at $750M”
Now, Coro — one of the startups building tools specifically for smaller businesses — is announcing a big round of funding after seeing its recurring revenues shoot up 300% in the last year.
Sources close to the deal tell TechCrunch that its valuation is over $750 million post-money.
And among SMBs responding to a survey from Digital Ocean, 74% named data privacy a top concern.
The opportunity in the security market for SMBs that Coro has identified is that these businesses typically lack the teams and internal IT budgets to dedicate to building and managing their defenses.
Its round last year, in April 2023, was $75 million at a $575 million valuation (also post-money).
