Demand for AI-based automation pushed by the upper price of human labor within the robotics trade is powering Cobalt’s 979% income progress
FREMONT, Calif., Nov. 17, 2022 (GLOBE NEWSWIRE) — Cobalt Robotics, the one machine studying firm to automate repetitive guide safety and facility duties with autonomous robots all over the world, at present introduced it ranked No. 147 on the Deloitte Expertise Quick 500™, a rating of the five hundred fastest-growing expertise, media, telecommunications, life sciences, fintech, and power tech corporations in North America. Cobalt grew 979% primarily based on proportion fiscal yr income progress from 2018 to 2021. Cobalt additionally ranked No. 27 within the San Francisco Bay Space.
Cobalt is propelling the usage of robots amongst trendy enterprises as corporations look to new AI-based improvements to automate safety and enhance security. The safety robots designed by Cobalt carry out duties with objectivity and precision in lieu of human guards. This previous yr, Cobalt skilled important buyer enlargement and sustained explosive progress with robots now deployed on 5 continents. Main enterprises and companions together with Slack, DoorDash, Ally Monetary, Woven Planet, Otis, Safetrust, and lots of others not too long ago expanded their relationships with Cobalt demonstrating that automation within the office is a high to backside precedence.
“We’re thrilled to be acknowledged by Deloitte and listed amongst different main corporations which have continued to excel and innovate amidst difficult financial instances,” mentioned Mike LeBlanc, President and COO of Cobalt Robotics. “AI-powered robots have actually grow to be the brand new customary, the brand new regular for safety and facility upkeep, giving safety groups a really reliable, environment friendly strategy to defend their belongings and preserve staff secure. We’re extraordinarily pleased with our science and engineering groups designing the subsequent technology of autonomous robots.”
“Because the previous yr has proven us, innovation in essential areas akin to life sciences is important to addressing infectious illness and different international well being points,” mentioned Paul Silverglate, vice chair, Deloitte LLP and U.S. expertise sector chief. “As well as, expertise should preserve tempo with ever-changing shopper and company calls for for sooner, safer and extra environment friendly options to new societal challenges. Every year I’m in awe of the immense expertise the Expertise Quick 500 rankings reveal, confirming the winners’ relentless pursuit of creativity and their capability to unravel real-world issues that profit us all.”
“This yr’s Expertise Quick 500 listing is a real reflection of a few of at present’s most decided and provoking pioneers who’ve prospered by anticipating what’s subsequent, understanding what’s wanted to succeed and driving creativity ahead,” mentioned Christie Simons, associate, Deloitte & Touche LLP and trade chief for expertise, media and telecommunications inside Deloitte’s audit and assurance apply. “Representing all sides of expertise, the winners have proven they not solely have the imaginative and prescient however may also expertly handle their corporations by means of speedy progress. We congratulate every winner on their spectacular achievements.”
Concerning the 2022 Deloitte Expertise Quick 500™
Now in its 28th yr, the Deloitte Expertise Quick 500 gives a rating of the fastest-growing expertise, media, telecommunications, life sciences, fintech, and power tech corporations — each private and non-private — in North America. Expertise Quick 500 award winners are chosen primarily based on proportion fiscal yr income progress from 2018 to 2021.
So as to be eligible for Expertise Quick 500 recognition, corporations should personal proprietary mental property or expertise that’s bought to prospects in merchandise that contribute to a majority of the corporate’s working revenues. Firms should have base-year working revenues of not less than US$50,000, and current-year working revenues of not less than US$5 million. Moreover, corporations have to be in enterprise for at least 4 years and be headquartered inside North America.
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About Cobalt Robotics
Cobalt Robotics is the one firm to automate repetitive guide safety and facility duties with an built-in service which unifies state-of-the-art robotics, machine studying software program, and skilled human oversight. Its expertise platform and 24/7 devoted skilled safety companies crew enhance security, safety and facility workflows with larger effectivity and predictability at considerably diminished prices, whereas permitting guards to give attention to duties that require judgment, empathy and determination making. Cobalt’s cellular robotics assist corporations make their areas smarter, safer, and safer, defending each their staff and mental property. Main enterprises together with Slack display that automation within the office is a high to backside precedence with Cobalt. Be taught extra at www.cobaltrobotics.com.
Large Swing Communications (for Cobalt Robotics)