Cobalt Robotics Rebrands to Cobalt AI Following Acquisition by Dean Drako

Investor Dean Drako Acquires Cobalt Robotics and Renames it Cobalt AI
In a significant move within the robotics and security industries, Cobalt Robotics has been acquired by investor Dean Drako. Following the acquisition, the company has undergone a name change to Cobalt AI, a decision aimed at better reflecting the company’s future direction and product offerings. While the financial details of the deal remain undisclosed, this acquisition marks a pivotal moment for Cobalt AI.
Dean Drako, who is well-known as the founder and CEO of Eagle Eye Networks, brings a wealth of experience from his ventures and projects, particularly in the smart video surveillance sector. Drako’s acquisition positions Cobalt AI closely with Eagle Eye Networks’ portfolio of solutions, indicating a strategic alignment in the burgeoning field of security technology.
Despite the change in ownership, Cobalt AI will maintain its current leadership structure, with Ken Wolff continuing as CEO and the company operating independently with its existing management team and staff. This stability is seen as a positive sign for Cobalt AI’s ongoing operations and growth prospects.
Founded in 2016, Cobalt Robotics initially focused on developing autonomous mobile robots (AMRs) for security purposes, designed to patrol and monitor facilities. Over time, the company has expanded its capabilities by developing AI-based algorithms for alarm filtering, remote monitoring, and data-gathering functions, further enhancing its security solutions.
Dean Drako’s vision for the company emphasizes the role of AI in transforming enterprise security automation. By integrating Cobalt AI’s technologies with a wide range of video and access control systems, Drako aims to usher in a new era of security, powered by AI and human verification. This approach aligns with the industry’s move towards more open, efficient, and effective security solutions.
The acquisition has been met with enthusiasm from Cobalt AI’s leadership, with CEO Ken Wolff expressing confidence in the benefits of automation through AI and the strategic and financial support provided by Drako. This move is expected to accelerate Cobalt AI’s growth and solidify its position as a leader in the field of AI-enhanced security solutions.