Dean Drako Acquires Cobalt AI, Enterprise Security Automation Leader
Summary
The Cobalt™ Monitoring Intelligence and the Cobalt™ Command Center deploy on a broad range of cameras, access control systems, robots, and other edge devices. 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. Cobalt AI, founded in 2016, is 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. Previously, Drako was founder, president and CEO of Barracuda Networks, where he developed the IT security industry’s first spam filter appliance. From Barracuda’s inception in 2003 through 2012, Drako grew the company into an IT security industry leader for mid-market businesses, with over $200 million in annual sales and 150,000 customers.