Coro, a cybersecurity platform based in New York City, has acquired Privatise, an Israeli supplier of network security solutions for in-office and remote work. The financial details of the deal have not been disclosed.
With this acquisition, Coro now offers a comprehensive security and protection solution through a unified, cloud-based platform, catering to different organizational configurations.
Coro’s SASE (Secure Access Service Edge) solution includes various security features such as military-grade VPN, Secure RDP (Remote Desktop Protocol), ZTNA (Zero Trust Network Access), Next Generation Firewall, and DNS Filtering. The integration of these features into its holistic security architecture eliminates security gaps caused by fragmented security approaches.
The company has recently raised $75 million in a funding round led by Energy Impact Partners, bringing its total funding raised in the last 12 months to $155 million. Other investors include Balderton Capital, JVP, and Ashton Kutcher’s Sound Ventures. Coro projects a 300% year-over-year growth in 2023, continuing its impressive annual growth record for the fifth consecutive year.
Coro’s modern cybersecurity approach has gained validation from over 5,000 mid-market customers across various industries. Over the past year, the company has experienced significant growth in revenue, customers, and employees, as well as signed up more than 100 new channel partners.