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.
ADT continues expanding capabilities and geographic reach via Red Hawk Fire & Security, ADT Commercial with the asset purchase agreement of Security Corporation, a commercial security integrator headquartered in Detroit, Mich. with offices in Novi (Detroit), Mich. and Columbus, Ohio.
What does it take for a security business to grow in today’s environment of increased competition and staffing shortages? Brivo gets a lot of questions from security integrators about how to build a successful security business.
Allied Universal, a security and facility services company ranked no. 56 on the SDM 100, announced the acquisition of Cypress Private Security LP, a San Francisco-based company offering comprehensive security services. Terms of the deal were not disclosed.
iluminar, a specialty security lighting manufacturer, is partnering with Professional Sales Representatives (PSR) to increase the company’s services and sales presence with customers across the western United States.
Detroit-based Guardian Alarm, one of the nation’s largest independently-owned security companies, announced a partnership with Herman Moore, community activist and former Detroit Lions legend. Moore will serve as spokesperson for the security services provider in Detroit and throughout greater Michigan.
Alarm Financial Services Inc. (AFS) provided a senior debt facility to Sentinel Security Solutions of Grover Beach, Calif. Sentinel will use the $750,000 credit facility to consolidate existing debt under more favorable terms, as well as to provide capital to meet the growth demands of the company. The credit facility includes both term loan and revolving line of credit components with increased borrowing ability as Sentinel’s business grows.
Defendify, an all-in-one SaaS-delivered cyber security platform developer, announced it has raised $1.6 million in pre-seed funding led by private investors with participation from Maine Technology Institute (MTI) and early stage cyber security industry investor 3dot6 Ventures.
In our August issue, we present "State of the Market: Smart Home". Check out the winners of "The 14th Annual Monitoring Center Excellence Awards" and "3 Recommendations for Making the Most of Today’s Intercoms". Also, check out the "5 Critical Factors for Video Power & Transmission Success".