Dror Liwer
- Co-Founder at Coro
GetLatka interviews
How Coro Broke $50M ARR and Raised $100M Series D at a Press-Reported $750M Valuation (Interview with Co-Founder Dror Liwer)
Dror Liwer (Co-Founder of Coro) spoke to Nathan Latka on September 5, 2024.
Coro figures from the interview
- ARR
- $50M
- 2024 ARR Target
- $100M
- Series D Raised
- $100M
- Valuation (press-reported)
- $750M
- Price Per User Per Month
- $15
“The series d was a 100,000,000. Total raised so far was just north of [$280M].”
“The press has stated we don't say it publicly, but the press said it was [$750M].”
“In 2016, we were zero.”
How Coro Went Channel-First to Sell Mid-Market Cybersecurity (SaaS Open 2024 Talk by Co-Founder Dror Liwer)
Dror Liwer (Co-Founder of Coro) gave a talk on March 28, 2024.
Coro figures from the talk
- Series D Raise (2024)
- $100M
- YoY Revenue Growth (2023)
- 300%
- Channel Mix (2023)
- 70% channel
- Channel Partners (2024)
- 300
“So the entire storyline today is going to be about how we went from Okay growth to explosive growth by leveraging the channel.”
“We've been growing 300% year over year for the last three years straight. This year, we expect anywhere between 200 to 300% growth over last year.”
“So we expect to end this year at around $100,000,000 and we're building a billion dollar ARR company in the cybersecurity space.”
How Coro Reached 13,500 Customers and a $600M Valuation in Cybersecurity for the Mid-Market (Interview with Co-Founder Dror Liwer)
Dror Liwer (Co-Founder of Coro) spoke to Nathan Latka on June 1, 2023.
Coro figures from the interview
- Paying Customers (2023)
- 13,500
- ARR (2022 close)
- $18M
- Valuation (2023)
- $600M
- Net Dollar Retention (2023)
- 106%
- Team Size (2023)
- 290
“We did beat our goal.”
“our customers are the neglected people in the world of cybersecurity. So the entire cybersecurity industry is focused either on the very rich, the enterprise Fortune 500, or the consumer market. Nobody's focused on the economic backbone of the American economy, the mid market companies that are actually 65% of the GDP. We focus on these guys and we provide them with enterprise grade security in a way that they can actually implement and protect themselves.”
“with economics being what they are, we've raised our prices a little bit. So last time we spoke, our prices were at about I think they were about $6 per user. Now they're at about $8.99 per user. So that increased. But also, the size of our customers has grown significantly. 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 150 to a 100 maybe.”
Bio
Dror is a Serial entrepreneur and investor that took two companies public, sold three, and is now building the world's fastest growing Cybersecurity company. Among his many roles, Dror was the CIO of the IDFs Military Police, CEO of Pose, CTO of Context and a venture partner at Elron Ventures.