2024 Revenue
$6.4M
Funding
$0
YOY
51.3%
Team
40
Founded
2012
How Cobalt Iron CEO Richard Spurlock grew to $6.4M revenue with a 40 person team in 2024.
Cobalt Iron delivers the industry's first enterprise-class cloud backup SaaS offering. Cobalt Iron's platform, Compass, scales from terabytes to exabytes and provides the simplicity not found in backup technologies and tools today. Cobalt Iron Compass is: - Delivered as a service and controlled via a web interface - A single, flexible deployment model scaling the range of private to hybrid to public - Leverages cloud investments in Amazon AWS, IBM SoftLayer, Microsoft Azure, and Google Cloud - Delivers industry leading features, functions, and platform/application support - Requires zero backup application expertise Cobalt Iron delivers innovative data protection solutions, enabling customers to transform their complex, backup-centric IT infrastructure into a recovery-centric, simple, scalable, flexible service. Cobalt Iron eliminates the burden of constantly monitoring, maintaining and upgrading in-house data protection environments, while allowing customers to retain full control.
Last updated
Cobalt Iron Revenue
In 2024, Cobalt Iron's revenue reached $6.4M. The company previously reported $4.2M in 2023. Since its launch in 2012, Cobalt Iron has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Cobalt Iron Hit $6.4m revenue in October 2024 | |
| 2023 | Cobalt Iron Hit $4.2m revenue in December 2023 | |
| 2021 | Cobalt Iron Hit $3.3m revenue in April 2021 | |
| 2012 | Launched with $0 revenue |
Cobalt Iron Valuation, Funding Rounds
Cobalt Iron is a bootstrapped Server Backup Software startup. Founded in 2012, Cobalt Iron has grown to $6.4M in revenue without raising any venture capital or outside funding.
As a self-funded Server Backup Software SaaS company, Cobalt Iron has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founder / CEO
Richard Spurlock
Intellectually curious entrepreneur, Richard is recognized as a global expert on data protection and recovery. After spending 15 years designing and delivering the world’s largest data protection applications, Richard harnessed that expertise to build a disruptive, software-defined data protection solution: Compass®. Compass is the industry’s first enterprise-class data protection and analytics software designed to natively run in hybrid and public cloud environments. An experienced speaker and subject matter expert, Richard is a frequent industry spokesman and an avid Formula 1 racing fan with his family.
Q&A
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Customers
We do not have customer count information for Cobalt Iron yet.
Cobalt Iron Employees & Team Size
Cobalt Iron employs approximately 40 people as of 2026, down from 43 in 2023, including 8 sales reps that carry a quota.
| Year | Milestone |
|---|---|
| 2024 | Reached 40 employees (December 2024) |
| 2024 | Reached 40 employees (October 2024) |
| 2023 | Reached 43 employees (December 2023) |
| 2022 | Reached 42 employees (December 2022) |
| 2021 | Reached 40 employees (December 2021) |
| 2021 | Reached 39 employees (April 2021) |
Frequently Asked Questions about Cobalt Iron
What is Cobalt Iron's revenue?
Cobalt Iron generates $6.4M in revenue.
Who founded Cobalt Iron?
Cobalt Iron was founded by Richard Spurlock.
Who is the CEO of Cobalt Iron?
The CEO of Cobalt Iron is Richard Spurlock.
How much funding does Cobalt Iron have?
Cobalt Iron raised $0.
How many employees does Cobalt Iron have?
Cobalt Iron has 40 employees.
Where is Cobalt Iron headquarters?
Cobalt Iron is headquartered in Lawrence, Kansas, United States.
Compare Cobalt Iron to the industry
Cobalt Iron operates across multiple industries. Browse revenue, funding, and growth data for Cobalt Iron 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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