Company Profile: Cobalt
Overview
Cobalt is a leading entity specializing in offensive security services through its Pentest as a Service (PtaaS) model. It provides businesses access to a global network of vetted security experts, ensuring robust protection against evolving threats.
Website: [Cobalt.io](https://www.cobalt.io/)
Key Offerings
Platform and Services
- Offensive Security Platform: Facilitates dynamic application security testing, secure code reviews, and network penetration testing.
- Security Testing Services: Offers application and network pentesting, secure code reviews, and device security, among other services.
- On-demand Services: Includes simulated attacks and comprehensive pentesting tailored to business and compliance needs.
Pentesting and Compliance Solutions
- Pentest as a Service (PtaaS): Encourages continuous security testing, empowering businesses to securely develop and confidently deploy their solutions.
- Security Programs for Businesses: Tailors services for small businesses, IT, and DevOps teams to effectively minimize risk.
Leadership Team
- Sonali Shah, CEO: Leads with 25 years of industry experience in managing high-performing, strategic growth teams.
- Caroline Wong, Chief Strategy Officer: Guides the security, community, and people teams with a focus on cybersecurity strategy.
- Jeri Allan, Chief Customer Officer: Manages customer relations strategy and execution.
- Lisa Matherly, Chief Marketing Officer: Directs B2B engagement and cybersecurity marketing strategy.
- Andrew Obadiaru, Chief Information Security Officer: Safeguards data confidentiality, integrity, and availability.
- Martin Rannje, Senior VP of Finance: Develops and implements supportive financial strategies.
- Jason Lamar, Senior VP of Product: Oversees product management, emphasizing innovation and operational excellence.
- Rosie Carley, Chief People Officer: Enhances HR practices, aligning them with business goals.
- Nick Terkay, VP of Engineering: Spearheads engineering teams towards strategic tech advancements.
Recent Developments
Cobalt has expanded its international presence with a strategic partnership with emt Distribution to enter the Middle East market. The company continuously enhances its platform and services, emphasizing its dedication to security innovation.
Financial Performance
- Series B Funding: Obtained $29 million, led by Highland Europe in 2020.
Strategic Initiatives and Insights
Cobalt provides scalable solutions addressing security testing and compliance, merging offensive and defensive strategies to deliver robust and continuous cybersecurity measures.
Competitor Profiling
Key Competitors
1. Intruder: Offers a cloud-based vulnerability scanning platform with a focus on protecting internet-facing infrastructure. Founded in 2015 and headquartered in London, Intruder prioritizes vulnerabilities through noise filtration, hosting a team of 51-200 employees.
2. Astra Security: With operations in the US and India and founded in 2018, Astra provides a robust Pentest Platform serving over 650 companies. It offers automated and manual penetration testing, continuous scanning, and cloud security features.
3. Bugcrowd: A pioneer in crowdsourced security, it connects organizations with ethical hackers for security testing. Founded in 2012 in San Francisco, it supports a community of researchers for proactive vulnerability identification.
4. Synack: Combines automated scanning and insights from ethical hackers, known for its strong public sector presence. Synack’s PTaaS platform efficiently discovers exploitable vulnerabilities via a global network of researchers.
5. Intigriti: Established in 2016 in Antwerp, Intigriti excels in bug bounty programs, utilizing a large researcher base for testing. It serves a range of clients from startups to large enterprises, emphasizing legal compliance and customer service.
Cobalt operates in a market surrounded by significant competitors like Intruder, Astra Security, Bugcrowd, Synack, and Intigriti, all offering unique approaches and methodologies in cybersecurity testing. These competitors focus on automation, crowdsourcing, and continuous scanning capabilities, which Cobalt could consider integrating similarly within its own services for maintaining its competitive edge.
