![]() In anticipation of further growth, Cobalt this year expanded its engineering and operations teams and enhanced its security and facilities teams, according to Deyle. Other rivals include Rapyuta Robotics, Aptonomy, and Otsaw Digital.Ĭobalt says it’s established a veritable foothold, though, with deployments at facilities belonging to companies in technology, defense, finance, and manufacturing segments, including several in the Fortune 50. There’s Knightscope security, which plans to raise over $50 million in what it hopes will be its pre-IPO financing, and Dutch startup Robotic Security Systems. “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,” said Deyle.Ĭobalt isn’t the only one chasing after a physical security market expected to reach nearly $119.4 billion in 2023. Deyle pitches it as a complement to - but not a replacement for - existing systems like manned security guards and access control systems (ACS). “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.”Ĭobalt customers pay a monthly subscription fee that includes access to the robots, software upgrades, and support from remotely based specialists. “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,” he added. The capital infusion builds on a $13 million series A round in March 2018, bringing the San Mateo, California-based company’s total raised to nearly $50 million.ĬEO Travis Deyle said the funding will support Cobalt’s nationwide expansion. Apply or nominate today!Ĭobalt Robotics, a three-year-old startup building indoor security robots designed to work alongside human guards, today revealed that it’s secured $35 million in series B financing led by global investment firm Coatue. At the event, we will also announce 25 top game startups as the 2024 Game Changers. ![]() ![]() We're thrilled to announce the return of GamesBeat Next, hosted in San Francisco this October, where we will explore the theme of "Playing the Edge." Apply to speak here and learn more about sponsorship opportunities here.
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