What is Cobalt?
Founded in 2013 and headquartered in San Francisco, California, Cobalt is at the forefront of transforming the traditional penetration testing model. Its Pentest as a Service (PtaaS) platform offers streamlined processes, seamless developer integrations, and access to a globally distributed team of rigorously vetted pentesting professionals. Cobalt's modern approach addresses the evolving needs of enterprise security, providing on-demand and efficient security assessments. The company's focus on PtaaS positions it as a key player in the rapidly expanding cybersecurity market, offering a scalable and integrated solution for businesses seeking to enhance their security posture.
How much funding has Cobalt raised?
Cobalt has raised a total of $35.5M across 3 funding rounds:
Angel/Seed
$1.5M
Series A
$5M
Series B
$29M
Angel/Seed (2016): $1.5M with participation from eLab Ventures
Series A (2018): $5M led by byFounders, elab Ventures, DG Ventures, Plug and Play, and Tim Draper
Series B (2020): $29M supported by Highland Europe
Key Investors in Cobalt
eLab Ventures
ELab Ventures is a venture capital firm focused on investing in businesses that leverage artificial intelligence to create market disruption. The company aims to empower AI innovation by supporting startups and companies that utilize AI technology.
DG Ventures
DG Ventures is a subsidiary of the Digital Garage Group, focused on investing in and supporting the growth of startup companies operating in the internet sector worldwide. The company provides investment and business development assistance to help these startups thrive.
Highland Europe
Highland Europe provides growth capital to exceptional teams, focusing on building collaborative and successful relationships. The company invests in growth-stage, product-led companies across software and consumer sectors in Europe and Israel.
What's next for Cobalt?
With the recent major strategic investment, Cobalt is poised for accelerated growth and further platform development. This capital infusion is expected to fuel expansion into new markets, enhance its PtaaS capabilities, and strengthen its competitive edge in the enterprise cybersecurity landscape. The company's trajectory suggests a focus on scaling its operations, deepening its integration with developer workflows, and potentially exploring new service offerings to meet the dynamic demands of the cybersecurity industry. Cobalt's strategic backing indicates a clear path towards solidifying its leadership in the PtaaS segment.
See full Cobalt company page
