Cobalt Robotics, a US-based security robot developer that counts media group Bloomberg among its investors, has attracted $35m in a series B round led by investment firm Coatue Management.
Founded in 2016, Cobalt Robotics produces patrol robots and software that can be used alongside human security guards to protect spaces from intruders or environmental risks.
The robots use wireless technology to open doors by communicating with the property’s access control system. Cobalt’s product is sold under a ‘robots-as-a-service’ arrangement that combines the robots with human analysis at its operations centre.
The offering is marketed to customers in areas such as technology, defence, finance and manufacturing. Cobalt will use the capital to expand in the US, having recently augmented its engineering, operations, security and facilities teams.
Bloomberg backed a $13m series A round for the company in April 2018, investing through its Bloomberg Beta unit alongside venture capital firm Sequoia Capital, which led the round, Founders Fund, Storm Ventures and Promus Ventures.
Travis Deyle, chief executive of Cobalt, said: “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.
“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.”
Image courtesy of Cobalt Robotics.