Cobalt

How we are different

2020 was a landmark year for Cobalt. The company conducted over 1,500 pentests and found over 12,500 vulnerabilities among its 700+ customers while maintaining an average NPS score of 70. Revenue grew by 59% YoY and in August Cobalt raised $29M in Series B funding.

3 ways Cobalt’s PtaaS approach epitomized innovation and creativity in the pursuit of solving real-world customer challenges:

--Collapsing timelines to better fight cybercrime. Cobalt is on a mission to be the interface to the global security workforce, empowering security practitioners based on skills, not location. We are breaking the industry stranglehold held by legacy security consultancies, who have acted as gatekeepers to the world of penetration testing (sometimes called “ethical hacking”).

--Activating a diverse global talent base. Consultancies choose testers for an engagement based on who has capacity and time, when really it should be based upon whose hacking expertise is the best fit. The Cobalt philosophy is that, though automation and AI are disruptive forces in the world of enterprise tech, when it comes to pentesting the manual element will never become obsolete. There are entire classes of issues that can only be discovered manually, by humans. The smart pentester is a combination of both. We use technology to empower people, which produces the best of both worlds.

--Bringing pentesting into the DevSecOps continuum. Software has become decentralized and developers push enhancements at warp speed, releasing monthly, weekly, daily. Pentesting, is not agile. It creates a schism between security and engineering teams-- because a pentest does not fit the scrum approach. You cannot run one on demand. At least, not until Cobalt came along. By upending the traditional pentest model, Cobalt created a better way to enable SaaS businesses to maintain agile software development practices without sacrificing security.