Everything Dror Liwer said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Coro raised its Series C-2 round at a 20% higher valuation
“The last valuation was about 20% higher than a year ago that you knew about the eighty million.”
Mid-market cybersecurity historically requires 6-15 products costing $40-$115 per user
“They would need to buy anywhere between six to 15 different products spend between 40 to a 115 dollars per user per month.”
Liwer: Most cybersecurity work consists of menial monitoring and event-chasing
“Mostly in cybersecurity, it's menial tasks. It's constantly monitoring and running around and doing what in the cybersecurity world is called chasing events.”
Liwer: Coro groups a $20M pre-round into its $60M Series C
“The official C-ROM was 60, but we raised another 20 just before that. So we prefer to look at it as an in total.”
Liwer confirms Coro's Series D valuation was close to $750M
“The press has confirmed, has stated, ah, we don't say it publicly, but the press said it was seven 50, and they were pretty close.”
Liwer: Coro sees demand spikes in education and automotive
“So right now we're seeing two spikes in education and in automotive and that's because these two industries have suffered a significant amount of attacks in the last couple of years, so they were waking up to the reality and understanding that they need to mak…”
Liwer: Coro costs $15 per user monthly for its platform
“Because it's an all-in-one, it's 15 bucks a month for the entire platform per user, very easy to digest.”
Coro Grew ARR 3x Annually for Five Years Before Slowing to 2x
“So we did five years of three X. Uh-huh. And then this year's gonna be our first two X year. Because the base number has become so big.”
Coro Raised $155M in Series C and $100M in Series D
“No, the Series D was a hundred million. There is an error here. The Series C was actually a 155.”
Coro ended 2023 with 70% of sales from channel partners
“Right now, we are at about 70% channel. Twenty-twenty-three, we ended at 70%.”
Coro expects channel sales mix to reach 85% in 2024
“And in twenty-twenty-four, we expect it to be 85%.”
Coro targets nearly 1,000 channel partners by year-end 2024
“We plan to be close to a thousand channel partners by the end of this year.”
Coro lost millions of dollars on a failed partnership
“You know, you get a lot of partnerships that, there's one partnership that cost us millions of dollars and moved nothing.”
Liwer: Coro beat its $18M run rate target by end of 2022
“We did beat our goal.”
Coro triples its paying customer base to roughly 13,500
“So it's triple that.”
ComplyAuto co-brands Coro's cybersecurity software for automotive compliance
“So an example is a company called ComplyAuto. They provide compliance software to the automotive industry. So now they also offer security compliance, and that's really us. We are the underlying issue. It's not white-labeled. It's co-branded, call it.”
Coro raised its per-user pricing from $6 to $8.99
“So last time we spoke, our prices were at about, I think they were about six dollars per user. Now they're at about eight 99 per user.”
Coro's average new customer size grew from 150 to 700 seats
“So now we're seeing Customers that are more in the 700 seat range. Whereas when we last spoke, the range was more about a 152 hundred maybe.”
Coro has seven-figure partner accounts but no million-dollar direct customers
“Well, if you look at our partners like MSPs or master agents, then they would be considered seven digits because they come with a bunch of seats. You know, they come with, you know, three, 4000 seats, 10,000 seats sometimes. So those are big accounts, but as a…”
Coro beat its Q1 2023 revenue target by about 8%
“So in Q one we beat our number by about eight percent, which was a great thing.”
Liwer: Coro hit quarterly commitments for 12 consecutive quarters
“You're looking at the potential, the growth moving forward, and being that we were able to hit our quarterly commitments for 48 48 months.
[1131] Dror Liwer: For 12, I'm sorry, for 12 quarters, 48 months I meant for 12 quarters straight it gives a lot of confi…”
Coro is actively seeking strategic acquisitions to expand its product portfolio
“We're definitely looking into potential acquisitions to increase our portfolio through acquisition. So both organic and inorganic.”
Coro maintains a net dollar retention rate of approximately 106%
“Yes. We're at about a 106.”
Coro maintains a customer acquisition cost payback period of eight months
“So normally our cost of acquisition is about eight months. Which is in line with what the SaaS industry is is all about.”