Dean Drako has acquired Cobalt AI (previously known as Cobalt Robotics).

As Cobalt’s owner, Drako will serve as the company’s Chairman, while Ken Wolff, Cobalt’s CEO, will continue leading the company.

Cobalt AI has revealed that it will operate as an independent company with its current management team and entire staff.

Cobalt is a provider of AI alarm filtering, remote monitoring and security robot solutions.

“We are thrilled that Dean Drako has acquired Cobalt and will serve as Chairman,” said Wolff.

“Dean has invested capital and strategic insights to grow other physical security companies to unicorns and technology leaders in their space.

“We share a mutual vision of the tremendous advantages of automation through AI with human verification.

“Drako’s acquisition validates our strategy to improve monitoring, response times and lower costs and also gives us the capital to deliver for our enterprise clients.” 

AI-based monitoring

“I searched for the company with the most powerful AI-based enterprise security automation in our physical security industry,” commented Drako. 

“AI is transforming our industry and Cobalt’s alarm filtering and other technologies are years ahead.

“The company monitoring and command center technology is a catalyst for a new era of security.

“They have created field-proven AI to make security and guarding tremendously more effective and efficient.

“Furthermore, Cobalt’s open platform strategy, which integrates with a plethora of video and access systems, is aligned with the open product strategy I believe in.”