Total amount raised
$53.3 Millions
Latest funding date
Location
Cobalt has developed AI-powered, human-verified security monitoring solutions that are transforming the security industry. The company's innovative approach combines advanced technology with human oversight to provide comprehensive and effective security services.
Keep reading to explore the intricacies of Cobalt's fundraising journey and the investors backing this innovative platform.
What Is Cobalt?
Unfortunately, the requested information about Cobalt's background, including its founding year, location, names of the founders, and number of employees, was not found in the provided sources. The Crunchbase page was a security verification page and did not contain any relevant company details. Similarly, the company website did not provide specific information about the founding year, location, founders, or number of employees.
However, Cobalt AI is known for offering advanced security solutions that combine AI technology with human verification to ensure robust security monitoring. Their services include access control monitoring, video monitoring, GSOC as a service, robotic guard services, and detailed actionable reporting.
Despite the lack of detailed background information, Cobalt AI's innovative approach to security, leveraging both AI and human oversight, has made it a trusted partner for enterprises across five continents.
How Much Funding Has Cobalt Raised?
- Seed Round
- Amount Raised: $3.5M
- Date: March 2017
- Lead Investors: Bloomberg Beta, Promus Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch their initial security solutions.
- Series A
- Amount Raised: $13M
- Date: March 2018
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their service deployment and client base.
- Series B
- Amount Raised: $36.8M
- Date: June 2019
- Lead Investors: Coatue
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand services geographically across the U.S.
Total Amount Raised: $53.3M. Current Valuation: Not publicly disclosed.
Key Investors
The major investors in Cobalt have played a significant role in the company's growth and success. Here are the key investors along with some details about them:
- Coatue
- Details: Coatue is an investment company known for its focus on technology-driven companies. They have a strong reputation in the venture capital space.
- Investment Focus Areas: Technology, media, telecommunications
- Notable Investments: Snapchat, DoorDash, ByteDance
- Bloomberg Beta
- Details: Bloomberg Beta is a venture capital firm backed by Bloomberg L.P. They specialize in early-stage tech companies.
- Investment Focus Areas: Early-stage tech companies
- Notable Investments: Slack, Knotel, MasterClass
- Sequoia Capital
- Details: Sequoia Capital is a renowned venture capital firm with a history of backing successful technology companies.
- Investment Focus Areas: Technology, healthcare, consumer sectors
- Notable Investments: Apple, Google, WhatsApp
Unfortunately, the requested information about additional major investors and their details was not found in the provided sources. The Crunchbase page was a security verification page and did not contain any relevant investor details. Similarly, the other provided sources did not include specific information about additional investors or their focus areas and notable investments.
What's Next for Cobalt?
With the physical security market projected to reach $119.4 billion by 2023, Cobalt is poised to capitalize on significant growth opportunities. Their Robots-as-a-Service model, which integrates autonomous patrolling robots with human specialists, is set to expand geographically across the U.S., targeting sectors like tech, defense, finance, and manufacturing.
Future fundraising seems promising, given the successful Series B round led by Coatue and the involvement of prominent investors like Bloomberg Beta and Sequoia Capital. This financial backing could pave the way for further technological advancements and market expansion.
However, Cobalt may face challenges such as ensuring seamless integration of robots with existing security systems and maintaining trust in the security industry. Keeping up with technological advancements and addressing cost-effectiveness will also be crucial as they navigate this rapidly evolving market.
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