An important turning point in the company's history was reached with this investment, which was spearheaded by One Peak and included participation from current investors Energy Impact Partners and Balderton Capital. The money will be used to strengthen Coro's position in the market and advance its goal of offering SMEs and their service providers high-quality cybersecurity at a price that is both reasonable and easily accessible.

By providing an all-in-one security software platform that covers endpoint protection, email & user protection, and network & cloud protection, the company has carved out a niche for itself. This thorough coverage comes at a time when cyberattacks are becoming a bigger threat to SMEs, but these businesses are also having to deal with the expensive and complicated cybersecurity solutions that are already on the market. The market is changing because of Coro's user-friendly platform, which guarantees 24/7 protection in an automated and financially viable way.

The recently acquired money will be used for product innovation, which includes strategic acquisitions as well as organic expansion, as demonstrated by the acquisition of Privatise in 2023. In addition, Coro wants to strengthen its program for MSPs and resellers in North America in order to better assist its channel partners. It also wants to accelerate its global expansion by creating local marketing and channel teams as well as stepping up efforts to raise brand recognition.

The investment will support Coro's leadership in the cybersecurity space for SMEs in addition to these efforts. Coro is set for even bigger successes after a year of noteworthy turning points, such as the introduction of Coro 3.0, the first modular cybersecurity platform in the industry, and a notable expansion of its network of channel partners. Numerous industry awards have also been given to the organization, highlighting its dedication to innovation and quality in cybersecurity.

One Peak co-founder and managing partner David Klein noted, "As a growth investor, we look for companies that target large, underserved markets and are in prime position to dominate that field." Klein expressed confidence in Coro's future. In the SME sector, Coro has already experienced incredible growth and success. We are confident that Coro has the ideal tech stack, an elite management group, and limitless potential to grow the company to new heights. We are thrilled to work with Coro to realize their vision and assist the group in their next phase of rapid expansion.