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 hackers can never be replaced by machine learning and investors are pouring millions into its vision.
Cobalt, a cybersecurity startup founded in 2013, is one of the first startups to build its business around the notion of penetration testing as a service, allowing companies to hire these so-called pentesters on demand.