Cobalt Robotics Wins 2019 Artificial Intelligence Breakthrough Award
LOS ANGELES, June 27, 2019 /PRNewswire-PRWeb/ -- AI Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global Artificial Intelligence (AI) market, today announced that it has selected Cobalt Robotics, a physical security service provider that builds indoor autonomous robots, as the winner of the "Innovation Award for Smart Robotics."
Today's digital businesses are confronted with a number of physical security challenges as they must protect people, assets and intellectual property cost-effectively with minimal business disruption. Cobalt's Robots as a Service (RaaS) model combines autonomous patrolling robots with human specialists for a highly effective, 24-hour security solution. The indoor security robots use deep learning and AI as well as autonomous vehicle capabilities to provide reliable anomaly detection in real time. As the robots tirelessly patrol a given space, powerful cameras and sensors continuously scan the premises in search of anything out of the ordinary, such as open doors, environmental risks or malicious intruders. And through complex machine learning algorithms, Cobalt robots continue to learn and decrease the potential of false flags, seamlessly resolving real, pressing issues.
"We are incredibly honored to be recognized by the AI Breakthrough Awards. Core to Cobalt's model is combining the best parts of machines with the best elements of human nature," says Dr. Travis Deyle, CEO of Cobalt Robotics. "Since the beginning, our mission has been to build robots that are maximally helpful, and we've helped transform the physical security industry by expanding the capabilities of existing technology. We are proud to also play an important role in the cultural adoption of robots, showing that robots and AI can improve our quality of life not just in the future, but today."
The mission of the AI Breakthrough Awards is to honor excellence and recognize the innovation, hard work and success in a range of AI and machine learning related categories, including AI platforms, Deep Learning, Smart Robotics, Business Intelligence, Natural Language Processing, industry specific AI applications and many more. This year's program attracted more than 2,500 nominations from over 15 different countries throughout the world.
"The Cobalt Robot and Robots-as-a-Service model is truly a "breakthrough" for the security industry and larger robotics and AI markets overall, and they perfectly exemplify the innovative spirit of our AI Breakthrough Award program," says James Johnson, managing director of AI Breakthrough. "There's no doubt that marrying AI and robotics with the unique capabilities of humans means creating something that is greater than the sum of its parts. The reliability of robots is unmatched, and AI improves effectiveness over time. Cobalt is a pioneer, helping to usher in a new, more capable workforce based on human and robot collaboration. We are thrilled to recognize the Company in our 2019 AI Breakthrough Award program."
Each Cobalt Robot is remotely managed by a human specialist in the Cobalt Security Operations Center. If an anomaly is detected during regular patrols, Cobalt's security specialists can respond in real-time to address the situation quickly and accurately. The specialists also aid in the cultural adoption of the robot--which is integral to building widespread acceptance of robots in society--providing friendly and helpful human interactions that build rapport with the people whose safety the robot is there to protect.
Cobalt recently announced the company has raised $35 million in Series B financing led by global technology investment firm, Coatue, intended to expand the geographic footprint of its services throughout the domestic United States. Since its $13 million Series A funding announcement in March 2018, the company has significantly expanded and enhanced its engineering and operations teams, and served diverse clients across a range of sectors and organizational sizes.
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About AI Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the AI Breakthrough Awards program is devoted to honoring excellence in Artificial Intelligence technologies, services, companies and products. The AI Breakthrough Awards provide public recognition for the achievements of AI companies and products in categories including AI Platforms, Robotics, Business Intelligence, AI Hardware, NLP, Vision, Biometrics and more. For more information visit AIBreakthroughAwards.com.
About Cobalt Robotics
Cobalt Robotics is the trusted security partner making organizations in every sector more safe, secure and productive. Offering a remote security operations center combined with on-premises security robots, Cobalt's unique Robots-as-a-Service model unites all the benefits of a machine with the flexibility, responsiveness, and empathy of a human being. The company is backed by world-class investors including Coatue, Sequoia Capital, and Bloomberg Beta. For more information, please visit cobaltrobotics.com.
SOURCE AI Breakthrough
