NEW YORK, April 21, 2022 (GLOBE NEWSWIRE) — corothe all-in-one cybersecurity platform for midsize businesses, growing businesses, and lean IT teams, today announced plans for rapid expansion into Chicago, making it the first major enterprise in cybersecurity to enter this market.

Earlier this month, Coro announced an $80 million financing, led by Balderton Capital with participation from existing investor Jerusalem Venture Partners (“JVP”). Coro plans to use funds from this recent round to triple its global team, with a focus on growing its operations in Chicago.

In addition to the recent move to a new large office space in downtown Chicago, Coro has added 40 employees to the Chicago team over the past year, and plans to add another 100 team members. this year and to grow to 200 employees by 2023.

“We chose Chicago for its thriving tech scene and world-class talent pool, from seasoned technologists to up-and-coming professionals from one of the many prestigious Chicago-area universities. As a Chicago native, I’m thrilled to lead Coro’s expansion into the Windy City,” said Jim Tarantino, chief revenue officer at Coro, who leads the Chicago office. “This is a particularly exciting and important time to be a part of the cybersecurity industry, with tremendous opportunities for innovation and the potential to make a real impact. We are actively inviting Chicago’s talented tech community to join us. in our mission to enable small and medium-sized businesses to protect themselves and continue to thrive.

According to TECHicago, Chicago is home to more than 6,151 tech companies and 378 startups were founded in the city in the past five years alone. Chicago-based Coro employees check out its brand new LEED Gold-certified custom office space at 550 West Van Buren in the West Loop. The 15thand floor with stunning skyline views, the Coro office includes fitness center membership, expansive meeting rooms, and a recreation room with ping-pong, basketball, full kitchen, and televisions. Future plans include adding another floor and creating an open-concept collaborative space to accommodate even more employees.

“With one of the most vibrant and fastest growing startup scenes in the United States, we see Chicago as a crucial talent market to propel our business growth and fuel our expansion,” said Guy Moskowitz. , CEO of Coro. “We’ve had phenomenal momentum, with 4,000 companies currently using our platform to protect millions of their employees. The aggressive growth of our Chicago-based operations center is a highly strategic decision for us as a company, and we are honored to call Chicago our new home.

Coro is one of the fastest growing cybersecurity companies today and has seen significant momentum with 300% year-over-year growth for each of the past three years through 2022.

According to recent to research, the typical medium-sized business can expect to face between 56,000 and 86,000 cyberattacks this year. Coro’s powerful cybersecurity platform was developed to fill gaping cybersecurity gaps in the mid-market and SME segments. Unlike current solutions such as malware or phishing protection, which focus on specific threats, Coro is the first SaaS solution for a midsize business to protect its users, devices, emails and customers. cloud applications – in an easy-to-use solution. Affordable to use platform – making enterprise-grade security available to businesses of all sizes.

For the latest job openings at Coro’s Chicago office and offices around the world, visit https://www.coro.net/careers/.

About Coro
Coro is one of the fastest growing security solutions for the middle market, delivering all-in-one protection that enables organizations to defend against malware, ransomware, phishing and bots on devices, users and cloud applications. More than 5,000 businesses depend on Coro for global security protection, unmatched ease of use and unmatched price. Built on the principle of non-disruptive security, the Coro platform uses innovative artificial intelligence technology to identify and remediate the many security threats facing today’s distributed enterprises, without IT teams having to to worry about, investigate or solve problems themselves. Coro’s investors include Balderton Capital, JVP, MizMaa Ventures and Ashton Kutcher’s Sound Ventures.

For more information, please visit Coro at crownor through LinkedIn, Twitteror Facebook.

Media contact:
Andrea Schnorr
Scratch Marketing + Media for Coro
[email protected]