# Cobalt funding: rounds and investors

> Cobalt has raised $29M across 1 round since 2020. Investors include Plug and Play, Kima Ventures and Draper Associates. Every round with its source.

Source: https://millionrounds.com/company/cobalt (Millionrounds; every figure on the page links to its filing or article)

[Series B startup](https://millionrounds.com/companies)

# Who invested in *Cobalt*

One round we have observed, with the 5 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Cybersecurity

Funding summary Updated 26 Oct 2026

**$29M** raised across 1 round since 2020, from 1 source

- **Latest round:** Series B, $29M Aug 2020
- **Investors:** 5

See who backed them

[**Cobalt** Computer & network security 1 / 25 Their pitch deck **Cobalt's pitch deck, 25 slides** Each slide read for what it argues, against the decks that raised at the same stage.](https://millionrounds.com/decks/cobalt)

## The rounds

- **Aug 2020** Series B **$29M** [Plug and Play](https://millionrounds.com/fund/plug-and-play) [Kima Ventures](https://millionrounds.com/fund/kima-ventures) [Draper Associates](https://millionrounds.com/fund/draper-associates) [Highland Europe](https://millionrounds.com/fund/highland-europe) [ByFounders](https://millionrounds.com/fund/byfounders) Source recorded

## Founders and team

From Cobalt's own website: 5 founders, 11 on the team.

**Fengmin Gong** Chairman at HYSTA, CEO & Co-Founder at Metafoodx

**Esben Friis Jensen** Co-Founder & Chief Growth Officer at Userflow

**Jakob Storm** Co-Founder & Chief Product Architect

**Christian Hansen** Co-Founder & Engineer

**Jacob Hansen** Co-Founder & Cobalt Board Member

- **Sonali Shah** Chief Executive Officer
- **Andrew Obadiaru** Chief Information Security Officer
- **Elizabeth Tse** COO at Side, Former SVP Operations at Upwork
- **Gunter Ollmann** Chief Technology Officer
- **Lisa Matherly** Chief Marketing Officer
- **Michele Law** Board Member at Fluxx, Former COO at OpenDNS
- **Rosie Carley** Chief People Officer
- **Tony Spinelli** Chief Security Officer at Halcyon
- **Martin Rannje** Senior VP of Finance
- **Paul Zymba** Senior VP of Customer Success
- **Gerhard Eschelbeck** Board Members, Advisors, & Investors

Advisers *Mignona Cote*

## Everyone who backed them

[Plug and Play](https://millionrounds.com/fund/plug-and-play) Accelerator **1** round

[Kima Ventures](https://millionrounds.com/fund/kima-ventures) VC firm **1** round

[Draper Associates](https://millionrounds.com/fund/draper-associates) VC firm **1** round

[Highland Europe](https://millionrounds.com/fund/highland-europe) VC firm **1** round

[ByFounders](https://millionrounds.com/fund/byfounders) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=cobalt).

## Quick answers about Cobalt

### Who invested in Cobalt?

Cobalt's investors include Plug and Play, Kima Ventures, Draper Associates, Highland Europe and ByFounders.

### How much has Cobalt raised?

Cobalt has raised $29M across 1 round since 2020.

### When did Cobalt last raise?

Cobalt's most recent round was a Series B of $29M in Aug 2020.

### What was Cobalt's biggest round?

Its most recent round, $29M in Aug 2020, is also its largest on record.

### Who backed Cobalt first?

Cobalt's first round on record, in Aug 2020, was backed by Plug and Play, Kima Ventures and Draper Associates and 2 others.

### What stage is Cobalt at?

Cobalt's latest named round is a Series B, in Aug 2020.

## Companies like Cobalt

In the same sector, and raised in the last eighteen months.

[**Palma.ai** $1.8M · Sept 2026](https://millionrounds.com/company/palma-ai)[**FriskAI** $3.6M · Aug 2026](https://millionrounds.com/company/friskai)[**Oak** $60M · Jul 2026](https://millionrounds.com/company/oak)[**Hush Security** $30M · Jul 2026](https://millionrounds.com/company/hush-security)[**Beacon Security** $13M · Jul 2026](https://millionrounds.com/company/beacon-security)[**Muybridge** $16M · May 2026](https://millionrounds.com/company/muybridge)

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