Dean Drako, founder and CEO of Eagle Eye Networks and owner and chairman of Brivo, has acquired Cobalt AI, a provider of AI alarm filtering, remote monitoring and security robot solutions for the enterprise. 

Previously named Cobalt Robotics, Drako rebranded the company to Cobalt AI as a reflection of the company’s artificial intelligence leadership across multiple domains. Terms of the transaction were not disclosed. 

As Cobalt’s owner, Drako will serve as the company’s chairman, while Ken Wolff, Cobalt’s CEO, will continue leading the company, according to an announcement. Cobalt AI will operate as an independent company with its current management team and entire staff. 

Fremont, Calif.-based Cobalt AI is the maker of Cobalt Monitoring Intelligence and the Cobalt Command Center, which deploy on a broad range of cameras, access control systems, robots and other edge devices. Cobalt’s enterprise security automation technology combines AI with human verification to improve enterprise safety, security and facility workflows, while delivering predictability at greatly reduced costs, according to the announcement.  

“We are thrilled that Dean Drako has acquired Cobalt and will serve as chairman. Dean has invested capital and strategic insights to grow other physical security companies to unicorns and technology leaders in their space,” said Ken Wolff, CEO of Cobalt AI.   “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.”  

“I searched for the company with the most powerful AI-based enterprise security automation in our physical security industry,” said Drako. “AI is transforming our industry, and Cobalt’s alarm filtering and other technologies are years ahead.” 

Cobalt AI, founded in 2016, bills itself as the only company to automate repetitive manual security and facility tasks with an integrated service unifying state-of-the-art machine learning software, robotics and expert human oversight. 

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

Under Drako’s ownership, Cobalt AI will invest in further R&D and sales execution, according to the announcement.