Energy Impact Partners Invests in Coro
Gunderson Dettmer represented client Energy Impact Partners as the single investor in the $75 million Series C-2 financing of Coro, an AI-based cybersecurity platform. Coro’s platform provides businesses with a cloud-based, SaaS offering to cover all its cybersecurity software needs, including device monitoring and remediating malicious activity. The new capital will be used for research and development operations.
In the announcement of the transaction, Energy Impact Partners partner Shawn Cherian said, “Coro’s phenomenal growth shows they have the right solution for a huge and underserved market. Mid-market companies need a comprehensive cyber solution that protects their vital business assets without spending outrageous sums or requiring hard to find cybersecurity experts. Coro’s AI-powered platform, based on a modern approach to solving cybersecurity challenges, is taking the market by storm. We’re thrilled to be a part of the Coro revolution as they help secure the nation’s mid-market businesses and enable them to grow and thrive.”
The Gunderson Dettmer deal team was led by Ivan Gaviria and included Michelle Pang.