Coming to a Mall Nearby? RoboCop Isn't Just Fiction Anymore

Picture credit: Knightscope

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

Robots patrolling around shopping malls, casinos and places of work actively looking for criminal activity might no longer be something straight out of a science fiction novel or movie. Knightscope, Inc., a Silicon Valley Based startup, is building and deploying fully autonomous security robots that deter, detect and report crime.

Citing Federal Bureau of Investigation (FBI) data showing violent crimes are committed more than twice a minute and that a property crimes happen every 4 seconds, Knightscope (who is currently raising capital via a Form 1-A offering circular and using a crowdfunding campaign) is placing its Autonomous Security Robots (ASRs) in the spaces that we live, work and shop to heighten security. The aim is not to replace traditional security resources but to complement them.

The ASRs are fitted with such technology as eye-level 360° cameras, thermal scanning and public address announcements. “Our ASRs work in tandem with humans to provide law enforcement officers and security guards unprecedented situational awareness,” the company said.

Some of the models are stationary; others actively patrol such places as shopping malls.

Knightscope reportedly has a track record. For example, the company has been trialing its products and services with Huntington Park City Council in California.

According to Knightscope, within the space of a year, crime in the area was down 46% and arrests were up significantly using its services and robots. In July 2021, the council decided to renew its contract with the company for 2 more years.

Next Investment Steps?

To date, the Company has raised more than $100 million, the company is now planning to list its shares on the Nasdaq Global Market (“NASDAQ”) under the ticker symbol “KSCP” following its current offering and subject to meeting listing  requirements.  It also plans to introduce a new fifth generation of its ASRs in 2022. Knightscope is working on bringing a seventh generation concept to reality as well. 

Many companies, both big and small, operate with the intention to augment human intelligence with sophisticated technology and data rather than replace them. Some of the most popular currently operating in artificial intelligence (AI) are Palantir Technologies Inc. PLTR, C3.Ai AI, Microsoft MSFT and Alphabet Inc. GOOGL. Other related companies include critical information software group Everbridge Inc. EVBG and information security company Lockheed Martin Corporation LMT.

Big Goals

Knightscope’s stated ultimate goal is a big one — to make the United States the safest country in the world. Long Knightscope and short the criminals, is what the company says.

“These are serious times requiring serious technology,” Knightscope says. “Our country’s public safety requires changes to be made — today.”

More information about the company and its future plans can be found at the following link.

Benzinga may receive monetary compensation by the issuer, or its agency, for publicizing the offering of the issuer’s securities. Benzinga and the issuer of this offering make no promises, representations, warranties or guarantees that any of the services will result in a profit or will not result in a loss

This Reg A+ is made available through StartEngine Primary, LLC, Member of FINRA/SIPC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

The offering will be made only by means of an offering circular. An offering statement on Form 1-A relating to these securities has been filed with the U.S. Securities and Exchange Commission and has become qualified, 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 securities offered by Knightscope are highly speculative. Investing in shares of Knightscope involves significant risks. The investment is suitable only for persons who can afford to lose their entire investment. Furthermore, investors must understand that such investment could be illiquid for an indefinite period of time. No public market currently exists for the securities, and if a public market develops following the offering, it may not continue. Knightscope intends to list its securities on a national exchange and doing so entails significant ongoing corporate obligations including but not limited to disclosure, filing and notification requirements, as well compliance with applicable continued quantitative and qualitative listing standards. 

Offering Circular: https://bit.ly/KnightOC

Related Risks: https://bit.ly/Knight-rr

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.