Cobalt.io shows mettle to raise $29m

Aug 24, 2020 • Callum Cyrus

Digital Garage-backed software pentesting service Cobalt.io pushed its total funding to more than $36m in a Highland Europe-led series B round.

Cobalt.io, a US-based cybersecurity technology developer backed by internet company Digital Garage, secured $29m on Thursday in a series B round led by venture capital firm Highland Europe.

Private investors including Scott Belsky and Chris Eng also participated in the round, which increased the total raised by the company to $36.5m.

Founded in 2013, Cobalt has built a software platform that connects more than 500 clients to vetted cybersecurity specialists who help stress test their applications for software bugs and…

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