- Growing list of clients is now spanning almost a dozen cities across the State of California, from Sacramento to San Diego, and includes the likes of Dignity Health, Juniper Networks, Microsoft, Westfield Malls, and The Sacramento Kings
- Partnered with top 2 largest private security companies in the U.S. (Allied Universal and Securitas)
- Technology deployed in 10+ cities in California, including Los Angeles, Sacramento, San Jose, Mountain View, Sunnyvale, North Hollywood, San Bernardino, and Santa Clara. Now commencing nationwide rollout
- First to market in commercializing Autonomous Technology in real world application with clients at scale; $7 per hour Machine-as-a-Service vs. $25 per hour human guard
- Strategic investors include NTT DOCOMO, Konica Minolta, Flextronics, and NetPosa
- Amount raised:
- Round Size: US $20,000,000
- Series m :
- Minimum Investment: US $999 per investor
- : Preferred Equity
- US $80,000,000 :
Crime has a $1+ trillion negative economic impact on the U.S. economy every year and Knightscope is on a mission to cut it in half.
Founded in April 2013, Knightscope is an advanced security technology company, developing autonomous physical security solutions. Knightscope’s autonomous data machines gather data from the environment in real-time and collects information via its interface, the Knightscope Security Operations Center (KSOC).
Knightscope has raised over $14M in its Seed, Series A and Series B rounds of financing. With the technology now deployed at clients across California, Knightscope is well-positioned to begin to scale further across California and subsequently nationwide. Key strategic investors include NTT DOCOMO, Konica Minolta, Flextronics and NetPosa. Knightscope has grown its team to over 30 employees in Silicon Valley.
Knightscope provides its technologies on a Machine-as-a-Service (MaaS) business model to clients needing to enhance their security operations. Knightscope believes that the technology reduces the cost, time, complexity and stress of deploying traditional security commodity solutions. Knightscope provides ongoing software, firmware, and hardware upgrades free-of-charge so that clients can keep up with the pace of innovation streaming out of Knightscope’s headquarters in Silicon Valley.
Autonomous Data Machines
Knightscope builds and deploys autonomous data machines. Both the Knightscope K5 robot (outdoors) and Knightscope K3 robot (indoors) operate autonomously but can be monitored by authorized personnel.
- K3: The indoor robots patrol interiors such as sports arenas, shopping malls, and office buildings.
- K5: The K5 Knightscope robots are best suited for larger outdoor spaces. K5 works together with human surveillance to keep areas such as parking lots, corporate campuses, hospitals, and outdoor malls safe autonomously.
The machines have traveled collectively over 50,000 miles and operated over 100,000 hours.
K3 & K5 Features
- 360 degree video: The K3 and K5 ADMs capture video from all angles and streams high definition 360 degree video are viewable by all authorized personnel.
- Two-way audio: ADMs are equipped with speakers and microphones that allow intercom conversations between the security operations center and a person near a robot. Additionally, users may broadcast pre-recorded and live audio (public address) messages through one or multiple robots from anywhere in the world.
- Thermal Imaging: Knightscopes run thermal imaging and can push an alert at a certain threshold but also captures data for historical analysis or pattern recognition.
- Data Collection: The ADMS generate over 90 terabytes of data per machine, per year, providing an unprecedented ability to understand an environment at all times. The goal is that over time, the ADMs will be able to “see, feel, hear and smell” enabling a unique approach to sensor fusion and analytics.
Knightscope Security Operations Center
- Data is accessible through the Knightscope Security Operations Center (KSOC), an intuitive, browser-based user interface. Both the K3 and K5 integrate the 90 terabytes of data generated each year per machine into one comprehensive browser-based and mobile-based user interface through the KSOC.
- Clients can recall, review, and save the data for forensic or event documenting purposes. And with Knightscope's mobile apps, a security professional can have the power of the the technology at their fingertips. As we drop new software code every two weeks and new hardware every few months, our clients also enjoy unlimited free software, firmware and hardware upgrades.
Looking for the next big idea, Stacy Stephens was seeking advice and help from a seasoned entrepreneur shortly after 9/11. While researching startups, he reached out to a young CEO – William Santana Li. Bill and Stacy quickly learned that they shared a passion for technology, hardware, brands, design and service. The two have worked on a number of projects together for more than 15 years and have developed a collaborative shorthand that assists them in their ventures
We started Knightscope because we were horrified by the mass shooting at Sandy Hook and the impact of 9/11 on our country. And now the ongoing daily increase in violence globally has intensified our efforts. We want to build something great for our country and we believe down to our bones that we can use technology to help build safer, engaged communities while significantly reducing costs and reducing crime. That spark has turned into a grander vision to cut the annual $1 trillion negative economic impact of crime on the U.S. in half! Our team wakes up every morning with a singular focus and chance to do something about it - and we have and will continue to put our blood, sweat and tears into the effort of better protecting our country and keeping our communities safe. No matter what it takes.
Knightscope operates on a Machine-as-a-Service (MaaS) business model. Our all-inclusive $7 per hour per machine compares favorably to a human guard at $25 per hour while contributing more and consistently. We sign year long contracts running 24/7 which generate over $61,000 per annum in revenue per machine or $300,000+ over a 5-year period. We target to recover the variable costs of the machine within the 1st calendar year, and the 2nd, 3rd, 4th, 5th year are effectively pure profit. One of our strategic investors, Konica Minolta, has over 2,000 technicians across the U.S. and we have begun training them to service, maintain and support our machines-in-network to allow us to scale nationwide. Our growth plan is to focus on California for 2017 and then march across the rest of the U.S. during 2017 to 2019.
Globally the 200+ countries around the world spend over $500 billion per annum on security in the public and private sector with approximately $300 billion addressable by Knightscope's plans and aspirations. We believe it to be possible to build a $30 billion company focused on advanced physical security technologies with a portfolio of products around the world. As the global population grows from 7 billion to 9 billion people, we believe the worldwide security and law enforcement apparatus will not scale and will require new solutions.
In the U.S. there are 8,000+ private security firms and 17,985 law enforcement agencies - a fragmented marketplace which we believe offers numerous opportunities for disruption. There are 3 major private security firms in the U.S. and Knightscope is partnered with 2 of them: Allied Universal and Securitas. Knightscope can help our channel partners in the private security industry with margin expansion, competitive advantage in the marketplace and long-term employee and client retention by providing a 'sticky' technology set. Globally, G4S employs 600,000 people, Securitas 300,000 people and the new Allied Universal will employ a combined 140,000 people.
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Your shares are not easily transferable. You should not plan on being able to readily transfer and/or resell your security. Currently there is no market or liquidity for these shares and the company does not have any plans to list these shares on an exchange or other secondary market. At some point the company may choose to do so, but until then you should plan to hold your investment for a significant period of time before a “liquidation event” occurs. A “liquidation event” is when the company either lists their shares on an exchange, is acquired, or goes bankrupt.
The Company may not pay dividends for the foreseeable future. Unless otherwise specified in the offering documents and subject to state law, you are not entitled to receive any dividends on your interest in the Company. Accordingly, any potential investor who anticipates the need for current dividends or income from an investment should not purchase any of the securities offered on the Site.
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Frequently Asked Questions
"The SEC has qualified this offering" means the SEC has permitted Knightscope to offer for sale the securities described in the Offering Circular to investors such as you. The SEC is not judging the merits, accuracy, or completeness of the offering and information in the Offering Circular. Rather, the SEC is merely ensuring Knightscope has met all legal disclosure and regulatory requirements necessary to make these shares available to you.
When you complete your investment on SeedInvest, your money will be transferred to an escrow account where an independent escrow agent will watch over your investment until it is accepted by Knightscope. Once Knightscope accepts your investment, and certain regulatory procedures are completed, your money will be transferred from the escrow account to Knightscope in exchange for your shares. At that point, you will be a proud owner in Knightscope.
Preferred equity is usually issued to outside investors and carries rights and conditions that are different from that of common stock. For example, preferred equity may include rights that prevent or minimize the effects of dilution or grants special privileges in situations when the company is sold.
A convertible note is a unique form of debt that converts into equity, usually in conjunction with a future financing round. The investor effectively loans money to a startup with the expectation that they will receive equity in the company in the future at a discounted price per share when the company raises its next round of financing.
To learn more about startup investment types check out “How to Choose a Startup Investment” in our academy.
To make an investment, you will need the following information readily available:
- Personal information such as your current address and phone number
- Employment and employer information
- Net worth and income information
- Social Security Number or government-issued identification
- ABA bank routing number and checking account number (typically found on a personal check or bank statement)
Until a closing occurs, you may cancel your investment at any time, for any reason. You will receive an email when the closing occurs and your shares have been issued. If you have already funded your investment and your funds are in escrow, your funds will be promptly refunded to you upon cancellation. To cancel your investment, please email us at firstname.lastname@example.org. Please include your name, the company's name, the amount, the investment number, and the date your made your investment.
Currently there is no market or liquidity for these shares. Right now Knightscope does not plan to list these shares on a national exchange or another secondary market. At some point Knightscope may choose to do so, but until then you should plan to hold your investment for a significant period of time before a “liquidation event” occurs. A “liquidation event” is when Knightscope either lists their shares on an exchange, is acquired, or goes bankrupt.
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This is Knightscope's fundraising profile page, where you can find information that may be helpful for you to make an investment decision in their company. The information on this page includes the company overview, team bios, and the risks and disclosures related to this investment opportunity. You will also find a copy of the Knightscope's Offering Circular, which has been qualified by the SEC. The Offering Circular includes important details about Knightscope's fundraise that you should review before investing.
This investment is highly speculative and should not be made by anyone who cannot afford to risk the entire investment amount. In addition to these risks, you should carefully consider the specific information and risks disclosed in Knightscope’s profile and Offering Circular.