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Coro, building cybersecurity for SMBs, locks down $100M at a $750M valuation
Enterprises and other large organizations have long been a lucrative and obvious target for cybercriminals, but in recent years -- thanks to more
Enterprises and other large organizations have long been a lucrative and obvious target for cybercriminals, but in recent years — thanks to more sophisticated breach techniques and the rise of AI — small and medium businesses are now also very much on the map. Coro also plans to use the funding to continue working on its R&D — specifically in bringing ever more AI tools into its one-stop-shop platform in order to better match and ideally beat the capabilities of the most sophisticated malicious hackers. IBM research estimated that the average cost of a data breach in 2023 to $4.45 million, and while single attacks aiming at very large organizations may still grab the most headlines, cybercriminals have increasingly started to focus more on SMBs, applying the law of economies of scale, and using one of the biggest trends in enterprise in the last two decades — the rise and domination of SaaS.
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