About

Cobalt provides penetration testing as a service (PtaaS) to help organizations identify and fix vulnerabilities in their digital assets. Their service involves simulated cyberattacks that assess the security of a company's systems. Clients subscribe to Cobalt's platform for continuous, on-demand testing, allowing them to regularly evaluate and enhance their cybersecurity without needing in-house experts. Cobalt differentiates itself by offering a systematic approach to penetration testing and has achieved SOC 2 Type 1 certification, ensuring high security standards. The goal of Cobalt is to make cybersecurity more accessible and manageable for enterprises, particularly in sectors like education, finance, and technology.

Simplify's Take

What believers are saying

• Cobalt.io's continuous testing model ensures that clients can maintain a robust security posture in an ever-evolving threat landscape.
• The company's focus on compliance-driven pentesting can drive business growth and resilience, as highlighted in their recent webinar with BARR Advisory.
• Strategic hires, such as the recruitment of Ronan McCrory from a competitor, strengthen Cobalt.io's leadership and product development capabilities.

What critics are saying

• The cybersecurity market is highly competitive, with significant players like Horizon3 securing substantial funding, which could impact Cobalt.io's market share.
• Economic downturns and reduced VC funding in the cybersecurity sector could limit Cobalt.io's growth and expansion opportunities.

What makes Cobalt unique

• Cobalt.io's 'Pentest as a Service' (PtaaS) model offers continuous, on-demand penetration testing, unlike traditional, periodic pentesting services.
• Their SOC 2 Type 1 certification underscores a commitment to high security standards, which is a significant differentiator in the cybersecurity market.
• The subscription-based model allows for scalable and efficient cybersecurity solutions, making it more accessible for enterprises without in-house security experts.