Cobalt
2024 Revenue
$51M
Customers
600
Funding
$506.5M
YOY
82%
Avg ACV
$85K
Team
497
Founded
2013
How Cobalt CEO Chris Manton-Jones grew Cobalt to $51M revenue and 600 customers in 2024.
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 |
|---|---|
| 2024 | Cobalt Hit $51m revenue in October 2024 |
| 2023 | Cobalt Hit $28m revenue in November 2023 |
| 2021 | Cobalt Hit $19.6m revenue in April 2021 |
| 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 |
|---|---|---|---|---|
| 2020 | Funding round | $29M | - | - |
| 2018 | Funding round | $5M | - | - |
| 2016 | Funding round | $1.5M | - | - |
| 2014 | Funding round | $1M | - | - |
| 2014 | Funding round | $470M | - | - |
Cobalt Employees & Team Size
Cobalt employs approximately 497 people as of 2026, up from 464 in 2024.
Cobalt has 497 total employees in different roles and functions and 44 sales reps that carry a quota. They have 600 customers that rely on the company's solutions.
| Year | Milestone |
|---|---|
| 2025 | Reached 497 employees (May 2025) |
| 2024 | Reached 464 employees (December 2024) |
| 2024 | Reached 454 employees (October 2024) |
| 2023 | Reached 496 employees (November 2023) |
| 2023 | Reached 464 employees (September 2023) |
| 2023 | Reached 496 employees (January 2023) |
| 2022 | Reached 496 employees (November 2022) |
| 2022 | Reached 496 employees (January 2022) |
| 2021 | Reached 403 employees (November 2021) |
| 2021 | Reached 403 employees (August 2021) |
| 2021 | Reached 233 employees (April 2021) |
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
See how Cobalt acquires and retains customers with data on acquisition costs and revenue performance. Log in to access the complete customer economics dashboard.
LockedFrequently Asked Questions about Cobalt
What is Cobalt's revenue?
Cobalt generates $51M in revenue.
Who founded Cobalt?
Cobalt was founded by Chris Manton-Jones.
Who is the CEO of Cobalt?
The CEO of Cobalt is Chris Manton-Jones.
How much funding does Cobalt have?
Cobalt raised $506.5M.
How many employees does Cobalt have?
Cobalt has 497 employees.
Where is Cobalt headquarters?
Cobalt is headquartered in Boston, Massachusetts, United States.
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Compare Cobalt to the industry
Cobalt operates across multiple industries. Browse revenue, funding, and growth data for Cobalt in each sector below.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .