Extract from M&A Insights

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Danish IT security company Cobalt raises DKK 30.8m
May 3, 2018

Together with a group of existing investors, the Danish venture fund Byfounders have invested DKK 30.8m in Cobalt, headquartered in San Francisco. The five year old Danish IT security company Cobalt has developed a platform based on crowdsourcing. Companies that want to test their IT systems use Cobalt to connect to a wide network of hackers who then try to break into systems to reveal any weaknesses in the security.

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