Cobalt Robotics, a Palo Alto, California-based developer of indoor robots for security, raised $13m in Series A financing.
The round was led by Sequoia with participation from Founders Fund, Storm Ventures, Promus Ventures and Bloomberg Beta, and others. In conjunction with the funding, Alfred Lin, a partner at Sequoia, joined Cobalt’s board of directors.
The company intends to use the funds to continue to expand to new cities, extend its engineering & operations teams and bring high level of customer service and performance to new markets.
Co-founded by Dr. Travis Deyle, CEO, and Erik Schluntz, CTO, Cobalt provides a SaaS based security service that combines advances in autonomous cars, machine learning, anomaly detection, and 2-way telepresence to allow a remote guard to be in many locations at once, providing high-level human intelligence, rapid situational awareness, real-time responsiveness, and accountability, enabling security personnel to be in the right location at the right time.
FinSMEs
02/04/2018