Knightscope, Inc.
Knightscope, Inc., founded in 2013 and based in Mountain View, California, is a leader in the development of autonomous security capabilities and are on target to disrupt the $500 billion security industry. Knightscope’s technology uniquely combines self-driving technology, robotics and artificial intelligence.
Knightscope designs and builds Autonomous Security Robots (ASRs) that provide 24/7/365 security to the places you live, work, visit and study. The company’s client list covers public institutions and commercial business operations, including ten Fortune 1000 companies to date. These ASRs have been proven to enhance safety at hospitals, logistics facilities, manufacturing plants, schools and corporations. ASRs act as highly cost-effective complementary systems to traditional security and law enforcement officials, providing an additional advantage by continuing to offer uninterrupted patrolling capabilities across the country, despite the pandemic (note: robots are immune).
The company’s ASRs have assisted in the arrest of suspects involved in crimes ranging from armed robbery to hit-and-runs. Their machine-embedded thermal scanning capability even aided in preventing the breakout of a major fire.
The company has achieved several milestones since its creation in 2013, including:
- Establishing itself in a 15,000-square-foot facility located in Mountain View, California, in the heart of Silicon Valley, where Knightscope designs, engineers and builds its technology;
- Operating for more than one million hours in the field and securing contracts across five time zones;
- Navigating through the global pandemic without interruption by continuing to operate on a daily basis across the nation and supporting clients classified as essential services; and
- Continuing its hiring processes despite the current societal and economic disruption.
Growth Capital
With more than 10,000 investors and over $40 million raised since inception, Knightscope is poised to be an industry leader in the future of public safety and security.
The company is presently in the process of raising up to $50 million in growth capital as it prepares for a potential public listing. Knightscope has reserved ticker symbol ‘KSCP’ with Nasdaq.
Investors can buy shares exclusively through the company’s managing broker-dealer, StartEngine (http://nnw.fm/l9GLX) until July 20, 2020. Concurrent with this live offering and contingent upon various factors, including raising a sufficient amount of funds and meeting applicable listing standards, the company intends to begin preparation of an S-1 format Form 1-A and Nasdaq Capital Market application in anticipation of a possible public listing of the stock at the conclusion of the Regulation A+ offering.
Company Mission – The Greater Good
Knightscope’s long-term vision has an eye on the greater good. The company’s mission is to make the United States of America the safest nation in the world while supporting millions of law enforcement and security professionals across the country.
Crime has a negative economic impact in excess of $1 trillion annually. As crime is reduced, positive impacts will likely be realized across several aspects of society, including housing, financial markets, insurance, municipal budgets, local business and safety in general.
Knightscope CEO William Santana Li was recently interviewed by Kevin O’Leary, more commonly known as Shark Tank‘s Mr. Wonderful. When asked to explain how the benefits provided by the ASRs outrank a human doing the same job, Li said, “First, just the simple presence of a physical deterrent causes criminal behavior to change. Second, the machines are self-driving cars that patrol all around and recharge themselves. They also generate 90 terabytes of data per year. No human would ever be able to process that. The robots are intended to be eyes and ears for the humans, not a one to one replacement.”
The Knightscope solution to reduce crime combines the physical presence of ASRs, sometimes referred to as proprietary Autonomous Data Machines, with real-time onsite data collection and analysis. The ASRs are fitted with eye-level 360° cameras, thermal scanning, public address announcements and various other features that work in tandem with humans to provide law enforcement officers and security guards unprecedented situational awareness.
Those 90 terabytes of data are then formatted in a useable way, so law enforcement can leverage that information and execute their responsibilities more effectively.
Public Safety Innovation
The company’s recurring revenue business model is set up to mimic the recurring societal problem of crime, and it takes into consideration the fact that innovation in the security and public safety industry has been stagnant for decades. Because the traditional practices of the sector have remained unchanged for years, automation has potential to drive substantial cost savings – and significant improvement in capabilities.
Human security guards are one of both the largest expenses and the largest liabilities for companies. Knightscope’s robots are offered at an effective price of $4 to $11 per hour, compared with approximately $85 and $30 per hour for an armed off duty law enforcement officer and an unarmed security guard, respectively.
This innovation has the potential to drive considerable cost savings. Based on these estimates, manufacturing costs can be recovered as soon as the first year of operation.
Product Offerings
The company has four patents and a framework of unique intellectual property. Knightscope currently offers a K1 stationary machine, a K3 indoor machine and a K5 outdoor machine. A K7 multi-terrain four-wheel version is in development.
The ASRs autonomously patrol client sites without the need for remote control, providing a visible, force multiplying, physical security presence to help protect assets, monitor changes in the area and deter crime. The data is accessible through the Knightscope Security Operations Center (KSOC), an intuitive, browser-based interface that enables security professionals to review events generated by the ASRs providing effectively ‘mobile smart eyes and ears’.
The ASRs and all the related technologies were developed ground up by the Company and are Made in the USA.
Management Team
Chief Executive Officer William Santana Li is a veteran entrepreneur, a former executive at Ford Motor Company and the founder of GreenLeaf, a company that grew to be the world’s second-largest automotive recycler and is now part of LKQ Corporation (NASDAQ: LKQ).
Chief Client Officer Stacy Dean Stephens brings his experience as a former Dallas law enforcement officer, as well as his skills as a seasoned entrepreneur, to assist on the client acquisition side.
Chief Intelligence Officer Mercedes Soria is an award-winning technologist and former Deloitte software engineer.
Chief Design Officer Aaron Lehnhardt brings over two decades of two- and three-dimensional product and industrial design in modeling and VR to the table, on top of his experience as a senior designer at Ford Motor Company.
Investment Considerations
- Knightscope is a leader in the development of autonomous security capabilities and is on target to disrupt the $500 billion security industry.
- The company is presently in the process of raising up to $50 million in growth capital as it prepares for a possible public listing.
- With more than 10,000 investors, over $40 million raised since inception and several Fortune 1000 clients with prepaid contracts, Knightscope is poised to be an industry leader in the future of public safety and security.
- The company has opened investing to the public at $8 per share through July 20, 2020.
- This innovation has the potential to drive cost savings and profitability for clients; manufacturing costs can be recovered as soon as the first year of operation.
- The company’s ASRs have assisted in the arrest of suspects involved in crimes ranging from armed robbery to hit-and-runs; the machines’ embedded thermal scanning capabilities also aided in preventing the breakout of a major fire.
TraderPower Featured Companies
- AmpliTech Group Inc. (NASDAQ: AMPG)
- AzurRx BioPharma Inc. (NASDAQ: AZRX)
- Brain Scientific Inc. (OTCQB: BRSF)
- CNS Pharmaceuticals Inc. (NASDAQ: CNSP)
- Cybin Inc. (NEO: CYBN) (OTCQB: CLXPF)
- Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR)
- Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2)
- Hollywall Entertainment Inc. (OTC: HWAL)
- Mohawk Group Holdings Inc. (NASDAQ: MWK)
- Knightscope, Inc.
- Net Element, Inc. (NASDAQ: NETE)
- Nextech AR Solutions Corp. (CSE: NTAR) (OTCQB: NEXCF)
- Predictive Oncology (NASDAQ: POAI)
- Pressure BioSciences Inc. (PBIO)
- SRAX Inc. (NASDAQ: SRAX)
- TAAT Lifestyle & Wellness Ltd. (CSE: TAAT) (OTCQB: TOBAF)
- The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER)
- Uranium Energy Corp. (NYSE American: UEC)
- VistaGen Therapeutics Inc. (NASDAQ: VTGN)
- XPhyto Therapeutics Corp. (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT)
Top Small Cap Market News
- $AMPG Announces Closing of $23.0 Million Registered Direct Offering Priced At-The-Market
- $CLXPF Psychedellux April 16, 2021
- $CNSP WP1244 Potentially 500X More Potent than Daunorubicin
- $EXN Report Suggests Biden’s EV Plan May Trigger Bull Market for Energy Metals
- $FNGR on Track to Monetize its Big Data Asset
- $IDEX Evolving the Vision to Lead EV Solutions Development
- $KAVL Announces Expansion into 11 International Markets
- $MOTNF Enters Definitive Agreement to Invest in Technologies Producer
- $NETE Volkswagen to Support Grids by Including V2G in EVs
- $NEXCF Releases Financial Report for Q4 2020
- $POAI Offers Innovative Solution in Multibillion and Growing Market
- $SBEV TapOut Product Line Noteworthy in Growing Market
- $SRAX Leverages Niche to Offer Big Data and Value
- $TOBAF Texas-Based WWV Places CAD $1.25 Million Order of TAAT(TM) for Distribution to its Retail Partner Network Spanning 38 U.S. States
- $UEC Featured in Research Report
- $XPHYF Largely Untapped Market for Hallucinogenic Draws Attention of Researchers at XPhyto Therapeutics
- Knightscope Inc. Announces Investor Town Halls, Another Successful Casino Deployment
Recent Posts
- Knightscope Inc. Announces Investor Town Halls, Another Successful Casino Deployment
- $XPHYF Largely Untapped Market for Hallucinogenic Draws Attention of Researchers at XPhyto Therapeutics
- $UEC Featured in Research Report
- $TOBAF Texas-Based WWV Places CAD $1.25 Million Order of TAAT(TM) for Distribution to its Retail Partner Network Spanning 38 U.S. States
- $SRAX Leverages Niche to Offer Big Data and Value
- $SBEV TapOut Product Line Noteworthy in Growing Market
- $POAI Offers Innovative Solution in Multibillion and Growing Market
- $NEXCF Releases Financial Report for Q4 2020
Recent Comments
Archives
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- October 2019
- September 2019
- August 2019
- July 2019
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009