Tech Company Financing Transactions
Cobalt Robotics Funding Round
On 3/31/2018, Cobalt Robotics secured $13 million in Series A funding from Sequoia Capital, Bloomberg Beta and Founders Fund.
Transaction Overview
Company Name
Announced On
3/31/2018
Transaction Type
Venture Equity
Amount
$13,000,000
Round
Series A
Investors
Sequoia Capital (Lead Investor) (Alfred Lin)
Proceeds Purpose
Proceeds purposes were not disclosed.
Company Information
Company Status
Private & Independent
Industry
Robotics
Mailing Address
2121 South El Camino Real B100
San Mateo, CA 94403
USA
San Mateo, CA 94403
USA
Phone
Website
Email Address
Overview
Cobalt fills an important gap in the spectrum of existing security solutions. At one end of the spectrum are manned security guards; they are amicable and responsive but can be expensive and underutilized during uneventful night shifts--a quintessentially dull task.
Management Team
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