San Mateo, Cali.-based Cobalt Robotics builds indoor security robots that work in collaboration with human counterparts. The startup announced this week that it has raised $35 million in Series B financing, VentureBeat reports. Coatue led the round. With this latest funding, Cobalt Robotics has secured a total of nearly $50 million.
“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,” CEO Travis Deyle said in a statement, as he described the company’s plans to expand nationally. “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.”
Cobalt’s robots are five-foot and cone-shaped with touchscreen and LED devices, the outlet describes. The robots, which can call humans for back-up as needed, use AI and machine learning to patrol areas for open doors, environmental risks, intruders and other hazards.
“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.”
“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,” explained Deyle to VentureBeat.
So far, Cobalt’s clients include companies in technology, defense, finance and manufacturing segments, with several Fortune 50 companies in its growing base.