Israeli SME cybersecurity company Coro raises USD100m
Israeli SME cybersecurity company has raised USD100 million in a Series D financing round led by One Peak.
Herzog advised Coro, with the transaction featuring Yoni Frider, Raz Ofer, Rotem Sontag, Gilead Reutlinger and Natan Kaufman.
Coro has grown into one of the Israeli privately held cybersecurity companies with the largest revenue, with annual recurring revenue (ARR) estimated at USD100 million and growing at a rate of 200%-300% per year. The company declined to confirm these figures.
Coro has 350 employees, about half of whom are in Israel, with most of the other half at its development center in the UK. The company mainly operates in the UK market but plans to expand into European markets including the UK, France, Germany and Spain.
Read more in Globes.
