cobalt robotics raises 35 million for security robots

Cobalt Robotics Raises $35 Million for Security Robots

In an era where physical security challenges are increasingly complex, Cobalt Robotics has emerged as a key player in the arena by revolutionizing the way organizations protect their people, assets, and intellectual property. By combining autonomous mobile robots with highly trained remote personnel, Cobalt's unique human-in-the-loop model enables clients to enjoy unparalleled situational awareness and real-time response.

The company's innovative approach involves deploying its robots to patrol workplaces, leveraging AI to detect anomalies such as open doors, environmental risks, or malicious intruders. If an event occurs, Cobalt's security specialists can respond in real-time to address the issue, whether it relates to security, facilities, or customer service.

Cobalt has expanded its engineering and operations teams and enhanced its security and facilities teams, allowing it to offer unparalleled customer service and performance across new markets. The company recently introduced a 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.

Since announcing its $13 million Series A funding in March 2018, Cobalt has deployed security and facilities management services to clients across various sectors, including Technology, Defense, Finance, and Manufacturing, spanning small startups to marquee Fortune 50 companies. The result is a 'highly effective security program with significant cost-savings and robots that remain up-to-date with the latest software,' according to Cobalt.

The company'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. The physical security market is predicted to reach nearly $119.4 billion in 2023.

Cobalt's 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.' With financial backing from leading investors like Bloomberg Beta, Sequoia Capital, and Coatue, Cobalt is poised for continued growth and innovation in the security robotics space.

Cobalt robotics raises 35 million for security robots