2024 Revenue
$51M(Est.)
Customers
600
Funding
$506.5M
Avg ACV
$85K
Team · 2025
497
Founded
2013
Cobalt Revenue & Funding (2024)
Cobalt generated an estimated $51M in annual revenue in 2024. Source: GetLatka estimate
Provider of a Pen Testing as a Service (PTaaS) platform intended to transform traditional broken pen test model into a data-driven vulnerability management engine. The company's platform delivers actionable results that empower agile teams to pinpoint, track and remediate software vulnerabilities, enabling businesses to benefit from pen test findings, faster remediation times and higher ROI for their pen test budget.
Last updated
Cobalt Revenue
In 2024, Cobalt's revenue reached $51M. The company previously reported $28M in 2023. Since its launch in 2013, Cobalt has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Cobalt Hit $51m revenue in October 2024 | Estimated |
| 2023 | Cobalt Hit $28m revenue in November 2023 | Estimated |
| 2021 | Cobalt Hit $19.6m revenue in April 2021 | Not recorded |
| 2013 | Launched with $0 revenue |
Cobalt Valuation, Funding Rounds
Cobalt has not publicly disclosed its valuation. The company has raised $506.5M in total funding to date.
Cobalt has raised $506.5M in total funding across 5 rounds, with its most recent round in 2020.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2020 | Funding round | $29M | - | - | Not recorded |
| 2018 | Funding round | $5M | - | - | Not recorded |
| 2016 | Funding round | $1.5M | - | - | Not recorded |
| 2014 | Funding round | $1M | - | - | Not recorded |
| 2014 | Funding round | $470M | - | - | Not recorded |
Founder / CEO
Customers
Cobalt serves 600 customers.
Cobalt Employees & Team Size
Cobalt employs approximately 497 people as of 2026, up from 464 in 2024, including 44 sales reps that carry a quota. It serves 600 customers that rely on its solutions.
| Year | Milestone | Source |
|---|---|---|
| 2025 | Reached 497 employees (May 2025) | Not recorded |
| 2024 | Reached 464 employees (December 2024) | Not recorded |
| 2024 | Reached 454 employees (October 2024) | Not recorded |
| 2023 | Reached 496 employees (November 2023) | Not recorded |
| 2023 | Reached 464 employees (September 2023) | Not recorded |
| 2023 | Reached 496 employees (January 2023) | Not recorded |
| 2022 | Reached 496 employees (November 2022) | Not recorded |
| 2022 | Reached 496 employees (January 2022) | Not recorded |
| 2021 | Reached 403 employees (November 2021) | Not recorded |
| 2021 | Reached 403 employees (August 2021) | Not recorded |
| 2021 | Reached 233 employees (April 2021) | Not recorded |
Frequently Asked Questions about Cobalt
What is Cobalt's revenue?
As of 2024, Cobalt generated an estimated $51M in annual revenue.
Who founded Cobalt?
Cobalt was founded by Chris Manton-Jones.
When was Cobalt founded?
Cobalt was founded in 2013.
Who is the CEO of Cobalt?
The CEO of Cobalt is Chris Manton-Jones.
How much funding does Cobalt have?
Cobalt raised $506.5M across 5 rounds.
How many employees does Cobalt have?
As of 2025, Cobalt had 497 employees.
Where is Cobalt headquartered?
Cobalt is headquartered in Boston, Massachusetts, United States.
Compare Cobalt to the industry
Cobalt operates across multiple industries. Browse revenue, funding, and growth data for Cobalt in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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