Penetration-test-as-a-service company Cobalt Labs Inc. today expanded its war chest after landing $29 million in a funding round that brings its total amount raised to $37 million. Highland Europe led the round, which also included the participation of Malwarebytes, Nexthink, Adjust, ContentSquare and WeTransfer. Cobalt said it will use the money from the Series B round to expand and develop its PtaaS model and make it available to more companies around the world.

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