Ethical hacking platform Cobalt bags $29m

Danish cybersecurity startup Cobalt has secured $29m in a Series B round to fund the further expansion of its services. 

The company, now headquartered in San Francisco, connects human penetration testers, so-called ethical hackers, with businesses looking to test their software.

Highland Europe led the round that brought funding injected into Coboalt to $37m, according to TechEU. Gajan Rajanathan, principal at Highland Europe join the company’s board as part of the deal.

Jacob Hansen, CEO and co-founder of Cobalt, said that the idea behind Cobalt was to create “a way to engage the best cybersecurity talent, via our pentest management platform, allowing customers to move from a static pentest to platform-driven pentest programs.”

Cobalt previously received an undisclosed investment from former Deutsche Bank COO Henry Ritchotte, who also joined the firm as strategic advisor, back in 2017.

Enjoyed the story? 

Subscribe to our weekly RegTech newsletter and get the latest industry news & research

Copyright © 2018 RegTech Analyst

Investors

The following investor(s) were tagged in this article.