From Silicon Valley To City Streets: Knightscope's Robotic Guardians

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In an ever-evolving world, we're constantly looking for ways to increase public safety, and robots and AI could represent a huge leap forward in our ability to do just that. One company pioneering robotics in public safety is Knightscope.

Knightscope is a tech company that designs, builds, and operates Autonomous Security Robots made entirely in the USA. They're on a mission to tackle crime across the U.S and make neighborhoods safer. They've been doing it for over a decade now and have been building a track record. Take Huntington Park in Los Angeles County, for example – when Knightscope deployed one of its units there, the company reports that it saw a 46% drop in overall crime reports, which highlights the potential in the technology. The company reports that it just renewed its contract with the city for the fifth year in a row.

This success hasn't gone unnoticed, and Knightscope has caught the attention of major corporations. The company has landed contracts with PENN Entertainment PENN, PG&E PBG, ABM ABM and Lowe's LOW.

Knightscope’s robots are designed to increase safety and security in all kinds of places, from company campuses to shopping malls and hospitals. They’re autonomous, and operate all by themselves without needing remote control. They use a mix of sensors, cameras and AI to keep an eye on what's happening in real-time. They have 360-degree cameras, thermal sensors and even license plate recognition technology to capture and analyze visual data. They can also pick up signals from network-connected devices to spot potential security threats.

The data the robots collect is fed to a central command center via a secure wireless network. The employees can keep an eye on the robot's feed and, if needed, they can also tele-operate the machines. The robots are intentionally built to look large and imposing, which the company has found to maximize the deterrence of criminal activity.

Knightscope has witnessed growth of late, with over 50 announcements in 2023. It seems clear there's a growing demand for what they're bringing to the table. They're also teaming up with the NYPD and MTA in New York City. Their K5 robot will be patrolling a subway system in Manhattan.

Knightscope is even launching a Public Safety Infrastructure Bond offering, providing retail investors an opportunity to invest in a high-yield debt opportunity usually available only to Wall Street insiders.

We're seeing a rise in the use of robots for everyday life. People are warming up to the idea, and there's a growing awareness of the benefits they can bring to our society. In 2021, the robotics market was worth $31.38 billion, and it's expected to hit $110.39 billion by 2030, growing at 15% annually from 2022 to 2030.

Featured photo courtesy of Knightscope.

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