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.

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