What is Cobalt Labs?
Founded in 2013 and headquartered in San Francisco, Cobalt is fundamentally reshaping the traditional, static penetration testing model. By offering a PtaaS platform, the company provides organizations with on-demand access to a globally distributed network of vetted security professionals. This approach replaces the cumbersome, point-in-time audits of the past with a continuous, streamlined process that integrates directly into modern software development lifecycles. Cobalt's market position is defined by its ability to bridge the gap between high-velocity development teams and the rigorous security requirements of the modern enterprise, effectively turning security testing into a competitive advantage rather than a bottleneck.
How much funding has Cobalt Labs raised?
Cobalt Labs has raised a total of $35.5M across 3 funding rounds:
Angel/Seed
$1.5M
Series A
$5M
Series B
$29M
Angel/Seed (2016): $1.5M with participation from eLab Ventures
Series A (2018): $5M led by DG Ventures, byFounders, Plug and Play, Tim Draper, and elab Ventures
Series B (2020): $29M supported by Highland Europe
Key Investors in Cobalt Labs
Highland Europe
Highland Europe provides growth capital to exceptional teams, focusing on building collaborative and successful relationships with product-led software companies.
DG Ventures
DG Ventures is a subsidiary of the Digital Garage Group, focused on investing in and supporting the growth of startup companies operating in the internet sector worldwide.
Plug and Play
Plug and Play Tech Center is an early stage investor, accelerator and corporate innovation platform with global headquarters in Sunnyvale, California.
What's next for Cobalt Labs?
With the backing of major strategic investment, Cobalt is well-positioned to scale its operations and further refine its PtaaS platform. The company's roadmap likely involves deepening its integration capabilities with CI/CD pipelines and expanding its global footprint to meet the needs of enterprise clients navigating complex cloud-native environments. As organizations continue to prioritize proactive threat detection, Cobalt's model of on-demand, high-quality security expertise is poised to capture a larger share of the cybersecurity services market. The focus will remain on enhancing the developer experience while maintaining the high standards of rigor that have become the hallmark of their service offering.
See full Cobalt Labs company page
