Kobalt.io’s Five Years of Awesomeness

5 years ago we founded Kobalt.io. Our mission, to solve security for small and mid-sized business - it’s not easy but we’re making solid progress. Here’s some interesting milestones along the way:
Kobalt.io Five Years

Founded Nov 2018 with Boris Wertz and Pankaj Agarwal as co-founders and investors.

2019
Launched Kobalt.io in Apr after building the team and stealth development
Landed our first client for our security monitoring service, May 
Performed our first SOC2 related engagement in Sept
Conducted our first paid gap assessment and roadmap development Oct
Acquired the roots of our security awareness program in Oct

2020
Mar – went remote with COVID – launched training for remote staff & IT
Signed our first security program in Apr – blending advisory, monitoring, education & more, cracked 100 clients served
Conducted our first IRAP Mandate in July – leading to a long term relationship helping Canadian high tech firms
Completed our first Privacy Gap Assessment in Oct – bringing privacy services to our security portfolio
Our Seed round was oversubscribed at $1.2M CAD with over a dozen angel investors across the US + Canada – Halloween
IRAP asks Kobalt.io to support Canadian small pharma clients and protect critical IP – accelerating our strength in Health market
Dec – permanently shutter Yaletown office, hired our first PM

2021
Jan – hire Michael Tedesco as Director of Customer Success (later promoted to COO)
Feb – expand SOC services to 7×24 with addition of India team
Aug – Add Angela Ng to leadership team as Director of Operations
Nov – Add Chris Spindler to leadership team as Manager of Security Operations

2022
May – awarded Western Scale-Up funding to help international expansion
July – announce Beyond Banking partnership to help secure RBC clientele
Aug – Over 200 clients served since inception
Sep – partnership with Sumo Logic – bringing our managed threat detection service to a next-gen platform
Oct – quietly ink partnership with Vanta, land first overseas clients in Australia and Europe and scale to our programs
Dec – publicly announced partnership with Vanta

2023
Mar – over 300 clients served since inception across 5 continents
Oct – signed partnership with Prescient Assurance to help streamline audit and certification success for clients
Nov – 5th year anniversary – well over 400 clients served since founding and >4X revenue growth since seed round

We still have a lot of work to do in order to truly make a dent in security for small and mid-sized businesses. Our first 1000 clients, then 5000 helped will be milestones in the longer journey to make cybersecurity attainable and sustainable for the hundreds of thousands of small and medium sized businesses out there. I’m so very proud of the fact that our clients experience security events at a far lower rate than industry norms, and have security programs that help them achieve their growth objectives.

Thank you to all our awesome clients, team and supporters along the way. Here’s to the next 5!

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