# Kobalt Security

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kobalt-security

- Industry: IT Security/Cybersecurity
- Headquarters: Vancouver, Canada
- Website: www.kobalt.io
- Total disclosed funding: $0.7M
- Latest round: Seed (May 1, 2019)
- Investors on record: 1

## About

Kobalt Security Inc. provides specialized cybersecurity and compliance services, focusing on small and medium enterprises (SMEs) to enhance their information security frameworks.Founded in 2018 by Michael Argast and Pankaj Agarwal, Kobalt Security Inc. is based in Vancouver, Canada. The company focuses on cybersecurity and compliance solutions, having raised CAD 1.25 million in Seed funding on December 2, 2020, from individual and unspecified investors. Kobalt has engaged in 2 notable deals since its inception.Kobalt.io specializes in cybersecurity and compliance services tailored for small and medium enterprises (SMEs) seeking to strengthen their information security posture. The company offers a comprehensive suite of solutions that includes vulnerability assessments, penetration testing, compliance automation for frameworks such as SOC 2 and ISO 27001, and virtual CISO (vCISO) services. These offerings are designed to help organizations identify security gaps, implement effective controls, and maintain regulatory compliance. Kobalt.io's client base primarily consists of SMEs across various sectors, including fintech, healthcare, technology services, and nonprofits. The firm's services are marketed and delivered primarily in North America and Europe, enabling clients in these regions to achieve their cybersecurity goals with expert guidance and advanced technology integration.Kobalt.io generates revenue through a service-based model that focuses on subscription and partnership arrangements with its clients. The company provides managed compliance programs, which include ongoing support for cybersecurity implementation and incident response, typically structured as monthly subscriptions. Clients engage with Kobalt.io for tailored services, such as security gap assessments and penetration testing, that are priced according to the complexity and scale of the services provided. These transactions are primarily B2B, where enterprises pay for specific services aimed at reinforcing their cybersecurity frameworks. With a focus on continuous monitoring and expert support, Kobalt.io underscores its commitment to providing value through its specialized offerings, thus fostering long-term relationships with its customers.Looking ahead, Kobalt Security Inc. plans to expand its product offerings by developing new cybersecurity tools and services that cater to evolving industry standards. The company aims to enter new markets in Asia and Australia by the end of 2023, leveraging the recent CAD 1.25 million Seed funding to support these initiatives. This funding will be utilized to enhance product development and to establish a footprint in these targeted regions.

## Funding rounds

- Seed, May 1, 2019, $0.7M — Version One Ventures

## Investors

- Version One Ventures (https://capitalatlas.ai/funds/version-one-ventures) — Seed