US-based robot security guard developer Cobalt Robotics has attracted $13m in series A funding from investors including Bloomberg Beta, the corporate venturing arm of media and data group Bloomberg.
Sequoia Capital led the round, which also featured fellow venture capital firms Founders Fund, Storm Ventures and Promus Ventures.
Founded in 2016, Cobalt has built a robot security guard that employs autonomous steering, anomaly recognition and machine learning technology to patrol clients’ premises and report unwanted intrusions.
The technology complements human security personnel as a more responsive alternative to CCTV cameras and access control devices.
The product is already being used by customers in San Francisco, and Cobalt intends to use the series A cash to grow its engineering, operations and customer service teams as it eyes expansion into more markets.
Sequoia partner Alfred Lin joined Cobalt’s board of directors in connection with the round. Bloomberg Beta and Promus had co-led a seed round of undisclosed size for Cobalt in early 2016 that included Haystack, Subtraction Capital, Comet Labs and unnamed angel investors.