Cobalt Software
Cobalt Software, founded by Sonali Shah, has emerged as a leader in offensive security solutions, particularly in the pentesting space.
Profile
Cobalt provides a platform for automating and managing pentesting processes to identify security vulnerabilities in applications.
Cobalt Software, founded by Sonali Shah, has emerged as a leader in offensive security solutions, particularly in the pentesting space. The company, headquartered in an undisclosed location, has been operational for several years, with Shah bringing over 25 years of technology and business leadership experience to the role. Cobalt’s flagship product, a pentesting platform, has gained traction among enterprises looking to automate and streamline their security vulnerability testing processes.
In 2020, the company secured a $29 million Series B funding round led by prominent investors, signaling strong market confidence in its approach. Cobalt’s platform is designed to replace manual, time-consuming pentesting workflows with a more efficient, SaaS-based solution. The company’s 2026 State of Pentesting Report highlights the growing challenges of AI security, positioning Cobalt as a thought leader in the space.
While financial specifics like revenue or headcount are not publicly disclosed, the company’s continued investment in product development and market research suggests a steady growth trajectory. Recent focus has been on addressing the security gaps created by rapid AI adoption, a trend that aligns with broader industry concerns.
Who buys this
- Enterprise IT security teams
- Software development companies
- Financial institutions
- Healthcare organizations
- E-commerce platforms
Strengths and what to watch
Strengths
- Strong leadership with CEO Sonali Shah’s extensive industry experience
- Proven track record with a $29 million Series B funding round
- Thought leadership evidenced by the 2026 State of Pentesting Report
Watch for
- Increasing competition in the pentesting and AI security space
- Potential challenges in scaling the platform to meet diverse enterprise needs
- Dependence on continued AI adoption trends for market relevance
Recent moves
Key Information
- Founded
- 2020
- Headquarters
- Philadelphia, Pennsylvania
Frequently Asked Questions
What does Cobalt Software do?
Cobalt provides a SaaS platform for automating pentesting to identify security vulnerabilities in applications. Founded by Sonali Shah, it replaces manual processes with efficient workflows, serving enterprises across IT, finance, and healthcare. The company raised $29M in Series B funding and publishes industry reports like the 2026 State of Pentesting.
Who is the CEO of Cobalt Software?
Sonali Shah leads Cobalt Software, bringing 25+ years of tech and business experience. Under her leadership, the company secured $29M Series B funding and established thought leadership through initiatives like the 2026 State of Pentesting Report focusing on AI security challenges.
How does Cobalt's pentesting platform work?
Cobalt's platform automates security vulnerability testing through SaaS workflows, streamlining traditionally manual pentesting processes. It helps enterprises identify application weaknesses efficiently, with recent focus areas including AI-related security gaps highlighted in their 2026 industry report.
What industries use Cobalt's pentesting solutions?
Primary customers include enterprise IT teams, software developers, financial institutions, healthcare organizations, and e-commerce platforms. These sectors benefit from automated vulnerability detection amid growing cybersecurity threats, particularly in AI-driven environments.
When did Cobalt Software get Series B funding?
Cobalt secured $29 million in Series B funding during 2020, led by prominent investors. This capital injection supported platform development and market expansion, coinciding with increased industry focus on AI security challenges.
What's in Cobalt's 2026 State of Pentesting Report?
The report analyzes emerging AI security vulnerabilities and pentesting challenges. It positions Cobalt as an industry thought leader, addressing how rapid AI adoption creates new attack surfaces that require advanced testing methodologies.
Sources
- www.linkedin.com — Sonali Shah’s role as CEO and her background
- www.linkedin.com — 2026 State of Pentesting Report release
- techcrunch.com — $29 million Series B funding round
- www.linkedin.com — Cobalt’s focus on AI and security