Cobalt Robotics Secures Series B Funding With Coatue
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.”