Cobalt Iron, a privately owned company headquartered in the US, was founded in 2013 and employs approximately 40 individuals. The company reported $4.4M in revenue as of 2023. It develops an enterprise data protection platform intended to reduce overall data leakage while eliminating backup failures and inefficiencies. This platform transforms and optimizes legacy backup services into a cloud-based architecture, enabling clients to retain full operational control over their data.
On April 17, 2026, Cobalt Iron launched Compass Tape Gateway (CTG), a significant enhancement to its Compass enterprise backup platform. The solution modernizes virtual tape library (VTL) capabilities by providing a fully automated, software-defined approach that integrates IBM i workloads into a unified, policy-driven data protection environment. Previously, on April 16, Cobalt Iron unveiled CTG as a new SaaS tool within its Compass platform, specifically aimed at transforming IBM i data protection. This followed the company's announcement on April 15, detailing CTG as a transformative enhancement that redefines VTL functionality through its automated, software-defined delivery. On April 14, Cobalt Iron first introduced the software-defined virtual tape library for IBM i workloads, with Michael Miller, an IBM Champion and Enterprise Architect at Pellera Technologies, noting that the offering addresses high costs and operational burdens faced by IBM i customers relying on existing tape products.
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Cobalt Iron offers products in the telecoms tech industry. Cobalt Iron's product portfolio comprises of enterprise security.
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Cobalt Iron's revenues were less than $10M in 2023. All the revenue comes from cybersecurity and intrusion detection.
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