Cobalt Robotics is a physical security service provider that builds indoor autonomous robots to make security and facility operations more effective. Today, the company 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 domestic 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,” said Cobalt CEO Travis Deyle. “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. 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’s 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.
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 marquee Fortune 50 companies). This year, Cobalt introduced its new door integration capability that enables robots to seamlessly pass through areas closed off by a door using wireless technology to communicate with access control readers — a first for the industry. In addition to its client base, Cobalt has expanded its engineering and operations teams and enhanced its security and facilities teams.
“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. “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.”
For more information about Cobalt, visit https://www.cobaltrobotics.com.