Finance
How Cobalt robotics company raised $13 million with almost no prep
-
The security-robotics company Cobalt raised $13 million
in a Series A round of financing this year, despite putting
together a pitch deck the night before meeting with venture
capitalists. -
Cobalt’s CEO, Travis Deyle, 35, said the company wowed
investors because it was able to deliver on two goals. -
Deyle set out to have a product on the market within
the first year and land a paying customer before building
anything.
Raising venture capital for a startup is no cakewalk. There are
high stakes, probing questions from investors, and an unspoken
pressure from your employees to return to the office with a term
sheet.
So it’s noteworthy that Travis Deyle and Erik Schluntz this year
raised $13 million from investors for their security-robotics
company, Cobalt,
despite putting little time into preparing their pitch.
“Ours happened so quickly,” said Deyle, 35. “That sounds
cheesy, but we expected it to be a giant slog. The bar for a
Series A is substantial.” …
Sponsored:
If you enjoyed reading this story so
far, why don’t you join Business Insider
PRIME? Business Insider provides visitors from MSN with a
special offer.
Simply
click here to claim your deal and get access to all exclusive
Business Insider PRIME benefits.
-
Business7 days ago
DOJ’s Apple antitrust case neatly aligns with EU on one key point: NFC and mobile payments
-
Business6 days ago
Lordstown Motors’ ousted CEO settles with SEC for misleading investors
-
Business5 days ago
Apple sued, Microsoft’s AI ambitions and Nvidia’s surprises
-
Business4 days ago
TechCrunch Mobility: The wheels are starting to come off the Fisker EV bus
-
Entertainment3 days ago
Amazon Big Spring Sale 2024: Shop 350+ deals on Apple, robot vacuums, security cameras, more
-
Business3 days ago
Maju Kuruvilla is out as CEO of one-click checkout company Bolt
-
Entertainment5 days ago
Amazon’s Big Spring Sale 2024: Shop 340+ deals on Apple, robot vacuums, security cameras, more
-
Entertainment3 days ago
Asus ROG Zephyrus G14 (2024): The MacBook Pro of gaming laptops