Cyber Security for SMBs...$100M ARR?

Emerging Startup:

Oneleet hit $6 Million ARR in just 19 months without touching their initial $2M funding. WOW.

What do they do?

Oneleet provides a full-coverage cybersecurity platform where companies can manage and monitor their cybersecurity management program. 

How?

The founder behind Oneleet has spent the past 10+ years in security and penetration tests. It’s clear that they know what they are doing VERY WELL. I even saw one of their customers switching their security vendor (big well-funded company) to Oneleet. Their growth is very impressive. 

Success in Cyber Security :

I want to share with you a story about Coro, a cybersecurity SaaS company that's been making waves recently. (Maybe a tsunami?) Imagine a company that understands the challenges small and medium-sized businesses face when it comes to cybersecurity. That's where Coro steps in, and I think you'll find their journey as fascinating as I do.

The Beginning of Coro

Coro was founded in 2014 by a team led by Guy Moskowitz, who serves as the CEO. Alongside him is Dror Liwer, the co-founder and CMO. They saw a gap in the market: many businesses lacked the resources to manage complex cybersecurity systems, yet they faced the same threats as larger enterprises. Coro's mission became clear—to simplify cybersecurity for companies that don't have massive IT departments.

There are a looooot of all-in-one CRM tools for SMB like Zoho, Hubspot, and Monday etc. But when you actually think about cyber security for SMBs, there is nothing much in the space. I cannot think of 3 companies that stand out. Their approach was genius.

What Makes Coro Stand Out

Their approach is all about simplicity. They offer an all-in-one platform that covers everything from email and device security to network protection and data loss prevention. Instead of juggling multiple tools, businesses can rely on Coro's unified solution. Perfect for SMBs.

The platform uses artificial intelligence to automate threat detection and response. This means that even without a dedicated security team, companies can stay protected against malware, phishing attacks, and other cyber threats. It's like having a Gandalf watching over your business 24/7. 

Impressive Growth and Revenue

Coro hit $100M ARR in 2024.

Coro has been on an upward trajectory that's nothing short of impressive. This year, they raised $100 million in a Series D funding round. This brought their total funding to over $250 million—a testament to investors' confidence in their vision and execution.

What's even more striking is their revenue growth. Coro reported a 300% year-over-year increase in 2022. They've managed to achieve this by focusing on the mid-market segment, catering to businesses that are often overlooked by larger cybersecurity providers. (Fortune 500 is big, yes. But why not work with Fortune 500,000?)

By the time of their latest funding round, they were serving over 5,000 companies. That's a significant footprint in a relatively short span of time!

Why Coro Matters to You

You might be thinking, "How does this relate to me?" Well, if you're part of a small or medium-sized business—or even if you're just interested in technology—Coro's story is a reminder of how innovation can level the playing field. Cybersecurity isn't just a concern for tech giants; it's something that affects all of us. (Just think about the size of SMBs. POS in pizza shop. Website of real estate dealers. They are everywhere.)

Coro's platform is designed with users like you in mind. They remove the complexity from cybersecurity, allowing you to focus on what you do best—running your business. 

Customers Who Trust Coro

One of the reasons behind Coro's rapid growth is the trust they've built with their customers. Over 5,000 companies have chosen Coro to safeguard their operations. These range from healthcare providers and educational institutions to retail businesses and financial services.

It seems customers like Coro's proactive approach A LOT. The platform doesn't just react to threats; it anticipates them. This means fewer disruptions, less downtime, and more peace of mind. 

Looking Ahead

Coro's journey is far from over. With the additional funding, they're about to expand their offerings and reach even more businesses in need of reliable cybersecurity solutions. 

I believe Coro's story is an inspiring example. It's a company that saw a need and filled it, benefiting countless businesses and, by extension, the customers they serve.

Their commitment to making security accessible is not just good business—it's a vital service in our increasingly digital world.

This book is good

"Rework" by Jason Fried and David Hansson

What's great is that it's written in super simple language—no jargon or complicated theories. Each chapter is short and to the point, so it's really easy to digest. They share practical tips that you can actually apply right away.

We are always dealing with complex problems and tight deadlines. This book talks a lot about simplifying processes and focusing on what truly matters. I found myself nodding along and thinking about how I could change my own work habits. I think you'd get a lot out of it.