Security

What’s Behind the Acquisition of Cobalt Robotics by Dean Drako?

This Research Note examines what’s behind the acquisition of Cobalt Robotics by Dean Drako, announced on 4th June 2024. We review the development of Cobalt, the strategic rationale of the acquisition, and the accelerating trend of robotic technologies as a mainstream security solution. Cobalt Robotics Acquisition Founded in 2016 in Fremont, California Cobalt Robotics develops roving security robots for use in commercial buildings. The startup closed a $35 million Series B financing round in June 2019, which brings total disclosed funding to $53.3 million to date, over 3 rounds from 12 investors. The strategic rationale of the acquisition is to accelerate the use of AI technology across enterprise security applications. As a reflection of the company’s AI leadership across multiple domains, the company has been renamed from Cobalt Robotics to Cobalt AI. To meet the growing needs of its corporate customers, Cobalt has developed AI-based algorithms for alarm filtering, remote monitoring, sensing, and other autonomous […]

Stay ahead of the pack

with the latest independent smart building research and thought leadership.

Have an account? Login

Subscribe Now from just $400 per year per user for Access to Quality Independent Smart Building Research & Analysis!

What Exactly Do you Get?

  • Access to Website Articles and Notes. Unlimited Access to the Library of over 2000 Articles Spanning 10 Years.
  • 10% discount on ALL Memoori Research reports for Subscribers!
  • Industry-leading Analysis Every Week, Direct to your Inbox.
  • AND Cancel at any time
Subscribe Now

Most Popular Articles

MRI Software IPO Sale 2025
Smart Buildings

MRI Software: Exploring the 2025 IPO & Sale Options

This Research Note examines a report from Reuters that MRI Software is to be listed in an IPO or sold. We explore the development of the business over the last 10 years, since it was acquired by private equity owners, highlight their software acquisitions for commercial real estate applications addressing integrated workplace management, tenant experience […]

SmartVatten 2025
Smart Buildings

Smartvatten Strengthens European Position with 2025 LeakLook Acquisition

This Research Note examines Smartvatten, a Finnish specialist in water efficiency technology and expertise in Northern Europe. It updates our previous article in March 2024, covering Smartvatten’s solutions, key developments in 2024, sustainability partnerships and the September 2025 acquisition of LeakLook, a Finnish specialist in IoT-driven water monitoring for real estate. Smartvatten Profile Established in […]

Subscribe to the Newsletter & get all our Articles & Research Delivered Straight to your Inbox.