Raises $5M in Series A Funding, a San Francisco, CA-based Pen Testing as a Service platform (​PTaaS)​ for SaaS businesses, received $5m in funding.

Backers included ​byFounders​, ​elab Ventures​,​ ​DG Incubation, Plug and Play Ventures​ and ​Tim Draper with Draper Associates. In conjunction with the funding, Eric Lagier, Managing Partner at byFounders, joined the Cobalt board.
Additionally, Rob Mann ​joined Cobalt as an investor and advisor.

The company intends to use the funds to ​continue its global expansion and for further investment in its​ PTaaS platform.

Led by CEO/founder Jacob Hansen, provides companies such as Verifone, MuleSoft, GoDaddy and Credit Karma with a Pen Testing as a Service Platform (​PTaaS)​, which helps secure applications. Based on a global talent pool of certified freelancers, the company’s SaaS pen test platform delivers actionable results that allow agile teams to pinpoint, track, and remediate software vulnerabilities.



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