Today, cybersecurity platform Coro announced that it has raised $75 million to support mid-market organisations through its all-in-one platform to tackle Soc complexity. This brings Coro’s total funding raised in the past 12 months to around $155 million, and highlights the growing demand for unified platforms that simplify cybersecurity.
Coro’s platform is designed with the purpose of unifying cybersecurity tools in one place as part of a single platform, making it easier for security teams and Security Operations Centres to manage their defence mechanisms across endpoints, cloud services, and workloads. This includes malware and ransomware scanning, email scanning, and data leak scanning, as well as securely managing access violations.
The complexity of managing dozens of siloed security solutions has become a challenge for many organisations, as they are typically using an average of 76 tools. The traditional methods of using different tools within each domain can leave security teams in the dark regarding ongoing threats to their data. Coro’s unified platform could help organisations ensure better prediction and understanding of potential attacks, by detecting and preventing them across both on-premise and cloud environments.
CEO of Coro, Guy Moskowitz, spoke out on the importance of having this security solution, as a multi-domain incident can be difficult to manage across disparate components. By providing a consolidated platform, it “relies on a cybersecurity team’s diligence to resolve”.
Coro is in direct competition with established providers like Cisco, who offer a mix of Cybersecuriry solutions like secure email, secure endpoint and cloud security solutions. With this new raise of funding, Coro is determined to make it easier for organisations to unify their security solutions into one platform. The Executive Teams of the world will also have the chance to find out more, as top-tier leaders will get together in San Francisco in July to discuss how to efficiently manage Artificial Intelligence investments.
