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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.
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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.
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 | - | - | |
| 2018 | Funding round | $5M | - | - | |
| 2016 | Funding round | $1.5M |
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Cobalt serves 600 customers.
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.
Cobalt generates an estimated $51M in annual revenue.
Cobalt was founded by Chris Manton-Jones.
The CEO of Cobalt is Chris Manton-Jones.
Cobalt raised $506.5M across 5 rounds.
Cobalt has 497 employees.
Cobalt is headquartered in Boston, Massachusetts, United States.
Cobalt operates across multiple industries. Browse revenue, funding, and growth data for Cobalt in each sector below.
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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2024 Revenue
$51M(Est.)
Customers
600
Funding
$506.5M
Avg ACV
$85K
Team · 2025
497
Founded
2013
| 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 | |
| 2013 | Launched with $0 revenue |
| - |
| - |
| 2014 | Funding round | $1M | - | - |
| 2014 | Funding round | $470M | - | - |
| Year | Milestone | Source |
|---|---|---|
| 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) |
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