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Cobalt Robotics secures $35M in Series B Funding with Coatue


June 26, 2019
By SP&T Staff
SP&T Staff
Coblat Robotics

SAN MATEO, Calif. — Cobalt Robotics, an autonomous security robot manufacturer, has announced that it has raised $35 million in Series B financing. The financing was led by global technology investment firm, Coatue, and is intended for geographic expansion of services throughout the United States.

“Security is fundamentally about trust and reputation, and it needs to be reinforced across all aspects of the company: founders, employees, technology and financial backers.  Our financial backers—such as Bloomberg Beta, Sequoia Capital and now Coatue—have been instrumental to our success so far, and they will be instrumental in our next phase of growth too,” said Travis Deyle, Cobalt CEO, in a prepared statement. “Our goal is to combine the best parts of machines (unwavering attention, perfect recall and super-human sensing) with the best aspects of people (warmth, responsiveness and adaptability) to create service robots that dramatically improve the quality of life for everyone and fundamentally redefine the modern workplace.”

Cobalt says its Robots-as-a-Service model combines autonomous patrolling robots with human specialists, enabling organizations to provide a 24-hour security solution that complements existing security assets like manned security guards and access control systems. The firm’s robots patrol the workplace, leveraging AI to detect anomalies—open doors, environmental risks or malicious intruders—and then Cobalt’s security specialists can respond in real-time to address any event.

Since its $13 million Series A funding announcement in March 2018, Cobalt has deployed security and facilities management services to clients in various sectors (technology, defense, finance and manufacturing) across a variety of organizational sizes (small startups to Fortune 50 companies).

This year, Cobalt introduced its new door integration capability that enables robots to pass through areas closed off by a door using wireless technology to communicate with access control readers —what the firm says is a first for the industry.

“We believe Cobalt’s robotic security guards are revolutionizing the security services space and providing an unmatched experience for customers,” said Kris Fredrickson, partner at Coatue, also in a statement. “In addition, we have been thoroughly impressed with the team’s philosophy that a great physical security service should positively impact not only the company’s operations but its culture as a whole.”