Knightscope

Fully Autonomous Security Robots

Knightscope

Fully Autonomous Security Robots

Mountain View, CA
Technology
Knightscope builds Autonomous Security Robots in Silicon Valley (Made in the USA 🇺🇸) that are patrolling across the country 24/7/365 to secure the places you live, study, work, and visit. With over 16,000 investors and over $70 million raised since inception, including $10+ million in lifetime revenue, Knightscope is reimagining public safety at a time when the Nation needs it most.

$1,565,490

raised
$43,535,226
previously crowdfunded
1,033
Investors
$447M
Valuation
$10.00
Price per Share
$500.00
Min. Investment
Preferred
Shares Offered
Equity
Offering Type
$25M
Offering Max
Reg A+
Offering

$1,565,490

raised
$43,535,226
previously crowdfunded
1,033
Investors
$447M
Valuation
$10.00
Price per Share
$500.00
Min. Investment
Preferred
Shares Offered
Equity
Offering Type
$25M
Offering Max
Reg A+
Offering

Offering Circular | Selected Risks Related to this Offering | Knightscope's SEC EDGAR Page

For more information on Knightscope, Inc. download and review the Offering Circular. The Offering Circular should be reviewed before making an investment decision

Reasons to invest


Commercialized

  • In Production - Knightscope's crime-fighting robots have been credited with reducing crime as reported by law enforcement agencies and clients

Huge Following

  • $70 Million+ Raised - with over 16,000 investors, Knightscope has built a community of investors committed to reimagining public safety in the United States

Experienced Management

  • Elite Entrepreneurial Executives - the founding team combines entrepreneurs from the world's top automotive, law enforcement, and technology companies


“Humans can only see so much — but robots can see much more”

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The Problem


Innovation in the security industry has been stagnant for decades

The traditional practices of the security industry have been unchanged for years — we all know the picture of the security guard asleep behind the wall of security camera feeds. Humans are one of the largest expenses and largest liabilities for companies - and our safety is not something to be taken lightly.


But what if they had “magic” at their fingertips instead, through our browser-based user interface, we call the KSOC (Knightscope Security Operations Center)?!



The “market for crime” is not going anywhere and is unlikely ever to collapse.  Our recurring revenue business model is set up to mimic the recurring societal problem of crime - we believe this sets us up for success long-term.  We are on a mission to make everything from government facilities to schools to cities safer places for you to work, study, play and visit with our ground-breaking technologies.


The Solution


Knightscope’s fully autonomous crime-fighting robots

Knightscope builds award-winning security robots to help cut down crime and make public spaces safer. ASRs are fitted with eye-level 360° cameras, thermal scanning, public address announcements, and a bevy of other features that work in tandem with humans to provide law enforcement officers and security guards unprecedented situational awareness.  The ASRs utilize a similar technology stack as an Autonomous Vehicle (AV) including LiDAR, Sonar, Wheel Encoders, and IMU as well as a complex set of algorithms.  Patrol 24/7/365 fully autonomous without human intervention.

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Unlike human security guards, our robots never need a break, are immune to diseases, the need to text, or to sleep. This is the solution the public needs - and it’s been proven to work. 

The Market


The security market is exploding due to increased demand for next-gen tech

The global security market is projected to expand at over 10% per year, and reach over $165B by 2025. As public safety becomes more top of mind, Knightscope believes it is uniquely situated at the cross-section of multiple key elements of the security market, like video analytics, which was valued at $1.6B in its own right.


Our Traction


Reimagining Public Safety—operating across 5 time zones... 24/7/365

Knightscope has been enthusiastically embraced in the security market, already closing deals with numerous hospitals, Fortune 1000 corporations, and law enforcement agencies. As of October 2020, we have also landed and deployed our first U.S. federal government contract. 


With over 1,000,000 operating hours under our belt, our robots have already proved their worth. Our robots assisted in the arrest of suspects involved in armed robberies, domestic violence, and hit and runs. We even helped prevent the breakout of a major fire, thanks to our embedded thermal scanning capability.

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What We Do


Knightscope robots are bringing the future to security

ASRs or Autonomous Security Robots are a unique combination of self-driving technology, robotics, and artificial intelligence.  Current offerings include the K1 Stationary, K3 Indoor, K5 Outdoor, and the future K7 Multi-Terrain.  All ASRs drive the KSOC user interface utilized by our clients.



Our machines are decked out with 360° sensors capturing numerous data points from its environment. This gives law enforcement professionals and security guards the magic of our Autonomous Security Robot (ASR) technology at their fingertips.


Gif 1

KSOC User Interface

  • The Knightscope Security Operations Center (KSOC) puts 90+ terabytes of data generated annually by an ASR into a human digestible format

  • Detections and alerts can be set for People, Facial Recognition, License Plates, Thermal Scans and Signal Detection


EYE LEVEL VIDEO

  • An ASR provides 360 degree eye-level high definition live streaming and recorded video

  • Suitable for daytime and nighttime usage


PEOPLE DETECTION

  • An ASR can detect a human presence and can be set to trigger an alert for the guard or officer

  • Typically used to detect trespassers after hours


LICENSE PLATE RECOGNITION

  • The K5 Outdoor can read up to 2,500 license plates per minute

  • Can be utilized to establish a BOLO (Be On The Lookout) or for parking enforcement and monitoring


INTERCOM

  • A live two-way human-to-human audio call can be had between the person standing by the machine and the KSOC user

  • Calls may be initiated by pressing the button on the machine itself or on the KSOC user interface


AUTONOMOUS CHARGING

  • The ASRs typically patrol for 2.5 hours, re-charge for 20 minutes and are still operating while charging

  • A docking station is typically placed at ingress/egress locations for people or vehicles



The combination of all of these systems plus the commanding physical presence of our machines, presents something we like to call the Force Multiplying Physical Deterrence effect.  It's just like we’re putting a police car on the side of the road—your immediate reaction is to pump the brakes!

The Business Model


Machine-as-a-Service (MaaS)

Knightscope not only designs and builds our security robots, but we also deploy and offer continued 24/7 support that likens our technology offering  to a SaaS (Software-as-a-Service) model but with luxury automotive per unit economics


Our effective hourly price ranges from $4 to $11 per hour — which means we can recover our manufacturing costs within the first year and produce a recurring annual revenue stream thereafter. 


Over a target life of 5 years, we project a profit of up to $250,000 per robot.

How We Are Different


8 patents and valuable IP

We believe our 8 patents and framework of uniquely valuable Intellectual Property sets us apart, in addition to the fact that we are the only company of our kind operating at such a significant level of scale.

video

video


Our browser-based user interface can be utilized anywhere for review of live data, audio and anomalies, giving security teams unprecedented levels of situational awareness and forensics.  Magic at their fingertips!

The Vision


We want to make the USA the safest country in the world

We believe that our product speaks for itself (literally). The more stories that come out of our robots cutting down on all sorts of crime, the more we believe our solution could really help change the world.

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From providing valuable evidence in courtrooms, to introducing unbelievable levels of deterrence into public spaces, everyone will be wondering why they weren’t already being protected by one of our robots.  


Think about it. Decades ago, we never had smoke detectors.  Now, no one would ever build a building (or be allowed to) today without having one.

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Our Team


Seasoned c-suite on a mission

  • Seasoned entrepreneur, intrapreneur and former corporate executive at Ford Motor Company

  • Founder and Chief Operating Officer of GreenLeaf, which became the world's 2nd largest automotive recycler (now part of NASDAQ: LKQ)

  • BSEE from Carnegie Mellon University and MBA from University of Detroit Mercy

  • Former Dallas-area law enforcement officer and seasoned entrepreneur 

  • Government Technology magazine’s Top 25 Doers, Dreamers & Drivers for commitment to advancing law enforcement technology 

  • Winner of GHC 17 Leadership ABIE Award for Women in Technology and Silicon Valley Business Journal’s 2017 Woman of Influence Award 

  • Former Deloitte software engineering leader with 15+ years of experience in enterprise, artificial intelligence and machine learning 

  • 2+ decades of two & three- dimensional product & industrial design in modeling & VR

  • Senior designer at Ford Motor Company

  • Seasoned financial executive and strategic advisor for both private and publicly traded technology companies in Silicon Valley leveraging significant U.S. SEC experience 

  • Successful track record of mergers & acquisitions, corporate growth, challenging turnaround assignments and exit strategies including public listings 

Why Invest


Security needs an overhaul.  Now.

We believe that the future of security is in unbiased, hyper-vigilant artificial intelligence-driven technology—that provides our brave women and men in uniform the appropriate tools so we can better secure our country.


We don’t believe the Founders of our country ever expected us to build a society where going to work, to study, or to pray came with a risk of being shot or killed. Fortunately, we have the honor and duty to wake up every morning and work on a solution. 


Join us on our mission to make the United States of America the safest country in the world!


Autonomously,


       /s/


William Santana Li

Chairman and CEO

Knightscope, Inc.


AN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED WITH THE SEC. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT, WHICH ONLY MEANS THAT THE COMPANY MAY MAKE SALES OF THE SECURITIES DESCRIBED BY THE OFFERING STATEMENT. IT DOES NOT MEAN THAT THE SEC HAS APPROVED, PASSED UPON THE MERITS OR PASSED UPON THE ACCURACY OR COMPLETENESS OF THE INFORMATION IN THE OFFERING STATEMENT.


THE OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT CAN BE FOUND HERE.


THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY.  THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT.  WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS.  INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE.  THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.


Updates

Knightscope Holds 8 Patents

2 days ago

Knightscope Awarded 8 Patents

The Company holds 8 patents covering its ADMs (“Autonomous Data Machines and Systems” U.S. Patent Nos. 9,329,597, 9,910,436, 10,279,488 and 10,579,060), the security data analysis and display features of the KSOC (U.S. Patent No. 9,792,434 and 10,514,837) and its parking monitor feature (U.S. Patent No. 9,773,413 and 10,311,731). We have also filed one provisional patent, covering the ADMs’ behavioral autonomous technology.

As we gain more and more experience (now having operated over 1 million hours in the field), we expect additional innovations to be streaming out of our headquarters in Silicon Valley in the coming months and years. 


LD Micro Interviews Knightscope CEO

6 days ago

LD Micro Interviews Knightscope CEO

In this frank discussion, Chris Lahiji, the President of LD Micro (a portal providing exclusive intraday information on the micro-cap sector) interviews Knightscope CEO William Santana Li, during the COVID-19 pandemic. Learn about how Knightscope is starting to make progress in tackling one of society's biggest problems. 

Watch the interview here!  Enjoy! 

Knightscope Signs Contract in Arizona

9 days ago

Arizona College Signs Agreement for Knightscope K5

A southern Arizona college will soon be deploying a Knightscope K5 security robot to patrol its campus to help keep its students and faculty safer.  Going to college can be one of the most exciting times in a person’s life.  Unfortunately, more than 28,000 physical crimes against people and property crimes were reported on postsecondary educational campuses in 2017 and in the current state of pandemic, going back to school this Fall was different than it had ever been.  And while safety is a priority for all colleges, masks introduce an element of anonymity that did not previously exist.

Having an Autonomous Security Robot (ASR) patrolling the campus will help provide public safety officials with a significantly sized physical deterrent with 360-degree high definition, eye-level video to help capture nefarious behavior with an ability to capture additional distinguishing characteristics to be used as evidence.  It is Knightscope’s hope that these additional protections will further safeguard the campus and lead to an overall feeling of safety and security by the students, staff and visitors. 🧑‍🎓 👨‍🎓 🤖 

Knightscope Wins Another Casino Contract!

12 days ago


Another Casino!

In spite of the pandemic, casinos are working hard to get back to business... and they are getting creative.  One casino was reported to have moved gambling outdoors to get away from the confines of indoor space that inhibits social distancing and adequate exchange of ventilation.  But they still have a duty to protect those that choose to visit their establishments.

Following in the footsteps and successes of Pechanga Resort and Casino, another California casino at an undisclosed location signed an agreement to deploy a K1 Security Robot to expand the coverage and capabilities of their phenomenal security program.  Keep your eyes peeled and ears peeled when gambling on the West Coast - you may just be greeted by a beloved and vigilant K1.  And please be safe out there 🤖 😷 

Knightscope Signs Authorized Partner

16 days ago


Sodexo Signed as Knightscope Authorized Partner

Knightscope announces that it has finalized and agreement with global food services and facilities management company Sodexo (NYSE Euronext Paris FR 0000121220-OTC: SDXAY).  Founded in 1966, Sodexo now has over 470,000 employees and operates in 67 countries with approximately 45% of its $25.9B in revenue coming from its over, 13,500 North American Client sites as of 2019.

Sodexo’s broad range of services include, but are not limited to, construction/technical/operational efficiency, building automation, remote monitoring, fire and life safety, and vending serving many industries: Defense, Energy & Resources, Government, Healthcare, Schools, Seniors, Sports & Leisure, and Universities. Sodexo sought out a relationship with Knightscope to further strengthen its position as a well-rounded service provider, and will offer Knightscope’s full range of Autonomous Security Robots to its U.S. clientele effective immediately.

Self-Driving at Self-Storage?!

19 days ago

Knightscope’s Signs First Storage Facility!

Knightscope has a signed agreement to utilize its Autonomous Security Robots at a storage facility in southern California. The self-storage industry has been one of the fastest growing segments of the commercial real estate market for the past 36 years, taking in approximately $39 billion in annual revenue according to SpareFoot.com. Storage units are particularly susceptible to theft, vandalization and weather-related damage. While we cannot control Mother Nature, we certainly have proven value at reducing crime.

Today there are approximately 52,000 self-storage facilities representing 1.709 billion square feet of rentable space. Needless to say, this market offers tremendous growth potential for Knightscope... especially if it follows the trend of other industries that have adopted our technologies. It typically takes one client in any given vertical to spark other clients to stand up and take notice.

First Contract in Nevada!

23 days ago


Las Vegas Here We Come! 

Westland Real Estate Group signed an agreement to deploy a K5 Autonomous Security Robot at an apartment complex in Las Vegas, NV. Westland, headquartered in Long Beach, CA, was founded in 1977 and currently owns and operates 65 Multi-Family Communities across California and Nevada, representing over 12,000 residential units. In addition to its residential portfolio, Westland also owns retail and industrial spaces.

The initial deployment location is in an area where higher crime rates have been reported, and the client intends to use the K5 working closely with Las Vegas Metropolitan Police Department in an effort to deter/curb nefarious behavior to protect its residents and ultimately achieve results similar to those seen in Huntington Park, CA (see crime stats here).  🤖🎲 

Knightscope Deploys at its first U.S. Federal Government Client

26 days ago

Knightscope Deploys at U.S. Dept of Veterans Affairs

First step was the land our first U.S. Federal Government contract.  Second step, was to actually deploy the technology!  Now we get to learn intimately about our client's needs and have been working very hard to meet them.  

Third step is to start daydreaming about the entire VA network of facilities.  Then what about the Social Security Administration, the federal courts, the numerous data centers, postal service, the FEMA warehouses, the national monuments, military bases, the national parks, NASA....and the list goes on and on.  We hope we have the honor to continue to develop our relationships with numerous federal authorities in the coming years. 

But most importantly, we greatly appreciate our veterans and are very proud to support, in our own small robotic way, the women and men who have bravely fought for our country as they visit the Audie L. Murphy Memorial Veteran’s Hospital.  You have our sincere and undying gratitude for your service to this amazing country of ours.  

Know that our Autonomous Security Robots are delivering a tall and proud Texas salute to each and every one of you visiting the Hospital and wishing you the best of health. 🇺🇸



Riding the Wave!

30 days ago

Riding the Wave! 

Knightscope received a purchase order from a California Water District to help protect the supply of clean/safe water to consumers. Typically anywhere outdoors or indoors you might see a security guard or officer is a potential opportunity for our advanced physical security technologies.  If you know a perfect location in the U.S., please be sure to send the decision maker to sign up for a free demo at www.knightscope.com/demo - a Knightscope client development executive will begin to understand the prospective client's wants/needs and will showcase how our Autonomous Security Robots (ASRs) could potentially help!

Knightscope Hires CFO

about 1 month ago

MOUNTAIN VIEW, CA – October 26, 2020 – Knightscope, Inc., a developer of advanced physical security technologies utilizing fully autonomous robots focused on enhancing U.S. security operations, announced today that Mallorie Burak has joined the Company as its Executive Vice President and Chief Financial Officer.

Ms. Burak is an experienced financial executive with over 25 years of expertise across a broad spectrum of industries ranging from early stage start-ups to multi-national public corporations.  Over the span of her career, she has negotiated and managed over $500 million of successful financing and M&A deals and has spent the last 13 years focused on turnarounds and special situations for both public and venture backed companies.  

Prior to joining Knightscope, Ms. Burak served as CFO at ThinFilm Electronics ASA from 2019 to 2020, an innovative solid-state lithium battery start-up, and Alta Devices, Inc., a GaAs thin-film solar technology start-up, where she secured over $13 million and $56 million in funding, respectively.  Prior to Alta Devices, she served as CFO at FriendFinder Networks, Rainmaker Systems, FoodLink, and Southwall Technologies.  

Ms. Burak has a proven track record of creating a high-performance culture with a strong focus on operational excellence and maximizing shareholder value, as evidenced by the successful acquisition of Southwall Technologies after having repositioned, restructured, and grown the company.  She has significant experience working with a variety of financing sources, both public and private, and has led and managed numerous M&A related activities.  She holds a BSBA and MBA from San Jose State University.

Are You Going Public?!

about 1 month ago

Are You Going Public?!


That’s still our plan! Recent interest in Knightscope has been quite strong.  We are now backed by over 16,000 investors and 4 major corporations and have raised over $70 million since we started back in 2013 to build our crime-fighting technology from scratch.   Our long-term mission is to make the United States of America the safest country in the world – and with your continued support, we will reimagine public safety, together, at a time when our Nation needs it most.  

We are dedicated to pursuing a successful listing and have continued to focus on that process.  As with any fundraising and regulatory process, it takes time to complete it properly. The good news, however, is that while we work on it, you can now continue to buy shares in Knightscope here on StartEngine!  


DISCLAIMER This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. Though the issuer plans to conduct a public listing in the future, there is no guarantee that the company will be successful in doing so. Even if the company does go public, it is possible shares may not trade at a price above what you paid for your shares. 


As a quick update, we are excited to share that we have been hard at work recruiting a bunch of new teammates (yes, you directly helped create new American jobs during a pandemic!), making significant improvements to our technology stack, initiating numerous process improvements, reducing costs, signing new customer contracts, and diligently working through our backlog of orders. 

We’ve been flooded with questions about a public offering, so I thought I would share four topics, out of dozens and dozens being worked on, so that you can get a flavor of our current focus and considerations.  

MECHANISM

What would be the best way to have Knightscope shares listed that would be in the best interest of both the stockholders and the Company?   Would that be a Direct Listing (DL); a traditional S-1 Initial Public Offering (IPO); or a Special Purpose Acquisition Company (SPAC) IPO, otherwise known as a blank-check company?  Or is the new avenue of a Direct Listing with a capital raise the appropriate path? 

PEOPLE

Is there a full finance and accounting team in place?  Is the sales team sufficiently staffed and trained?  Have you recruited the independent board members?  Is the entire management team in place?  Have you hired the right advisors? 

FINANCE

Are the audited financials of the right type?  How strong is the financial modeling and forecasting?   What is the Company’s view on issuing earnings guidance?  Is the balance sheet strong enough?  

INVESTOR RELATIONS

Have the right relationships been cultivated with equity research analysts?  Is the story one tells 'the street' well thought out (and appropriate in a COVID-19 environment)?  What are the impacts on a lockup strategy, which can be dependent on the listing mechanism chosen?  Is there an in-house or outsourced investor relations team in place?

RISK

Is it the right timing (holidays, elections, time of year, market volatility)?  Now that over 25% of issuers are being sued, has a solid risk mitigation strategy been developed?  Has the appropriate D&O insurance been sourced?

We are looking forward to the beginning of a new chapter of growth for the company as we gain access to the capital markets and hope to provide liquidity to our shareholders.  Should we be able to successfully complete all the steps, have tripled checked everything and are ready to go – we will let you know.  We get only 1 chance to do it so need to put our best foot forward regardless of how long it takes.  But in the meantime, know that we are hard at work, every day, pushing forward to securing a brighter future!  Onward and upward! 


Autonomously,

       /s/

William Santana Li

Chairman and CEO

Knightscope, Inc.



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