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How Cobalt Got Investors to Put $37 Million Into Its Hacking Platform

Cybersecurity is a white-hot investment space, with over $7.8 billion invested globally in 2020. One startup, Cobalt, has drawn millions in funding for its penetration testing-as-a-service. While cybersecurity is moving towards automation, Cobalt bets human pentesters will always have a job. The $150 billion cybersecurity industry is moving rapidly towards automation, with companies racing to develop AI-powered tools to detect and patch security vulnerabilities. But one startup is betting that ...
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