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Cobalt

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Cobalt offers Pentest as a Service (PtaaS); raised ~$37M total; $51M revenue in 2024 (82% YoY growth); 1,300+ enterprise customers; Leader in GigaOm PtaaS reports 3 years running.

Best for: Penetration Testing as a Service
23
AI Score
Grade D↑ Trending
AI Visibility Score (Beta)
CybersecurityPenetration Testing as a ServiceWebsiteUpdated April 2026

Brand Intelligence Graph

Capabilities
Penetration Testing as a Service

Company Overview

About Cobalt

Cobalt is a Pentest as a Service (PtaaS) platform that reimagines traditional penetration testing by combining an elite community of security experts with a modern SaaS delivery model. Founded in 2013, the company enables organizations to run faster, more frequent, and more transparent security tests aligned to agile development cycles. Its core platform allows security teams to launch pentests on demand, track findings in real time, and integrate results directly into developer workflows via APIs and ticketing integrations.

Business Model & Competitive Advantage

The Cobalt Core is a vetted global network of over 400 security professionals who perform the actual engagements. This model eliminates the scheduling delays and opacity of traditional consulting-based pentesting. Customers gain a live dashboard showing vulnerability status, remediation progress, and historical trend data across all assets tested — delivering continuous visibility that static annual reports cannot match.

Competitive Landscape 2025–2026

Cobalt reported $51 million in revenue for 2024, up from $28 million in 2023, representing 82% year-over-year growth. The company has raised approximately $37 million in venture funding and serves more than 1,300 customers including leading technology, financial services, and healthcare enterprises. Cobalt has been named a Leader and Outperformer in GigaOm's Penetration Testing as a Service market reports for three consecutive years, cementing its position as the category-defining PtaaS vendor.

Founded
2013
Revenue
$51M
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23
↑ Trending

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