- The global COVID pandemic, community violence and political strife have all served to batter the national psyche during the past year
- Journalists and researchers have reported rising levels of depression and anxiety as well as a rising number of people experiencing property and violent crime
- Knightscope is a company dedicated to building and marketing autonomous security robots (“ASRs”) as a means of helping to make the United States safer
- Knightscope’s ASR series comes in different models that function from a stationary base or a mobile sentry, serving as a deterrent by 24/7 presence and the technological capability to monitor, record and transmit various data streams
- Mordor Intelligence analysts forecast a favorable market for ASRs, growing at a CAGR of 7.93 percent through 2026 to a $3.91 billion market
Following a year headlined by the impositions of a deadly worldwide pandemic, community violence attributed to racial unrest and national upheaval over political strife, it comes as no surprise that researchers are reporting skyrocketing levels of anxiety and depression and feelings of insecurity in the United States (https://ibn.fm/j4QbO).
Home security journalists at SafeWise noted in their second annual State of Safety report last year that 40 percent of respondents throughout the country said they’d had a personal experience with property or violent crime during the previous 12 months, a 73 percent increase over responses in 2019. Broken down between the two categories, there was a 50 percent increase in reports of experiencing violent crime and an 86 percent increase in experiencing property crime (https://ibn.fm/2jfVR).
In a virtual fireside interview with IPO Edge recently, security robot innovator Knightscope CEO William Santana Li said his company’s efforts to deploy fleets of autonomous sentries in parks, parking lots and other client perimeters amounts to a personal mission to “make the United States of America the safest country in the world” (https://ibn.fm/XzaeT).
In order to accomplish that goal, Knightscope has developed K series autonomous security robots (“ASRs”) that can detect and monitor a variety of information sources, whether that involves facial recognition features, license plate detection, broadcast frequency reception or thermal fluctuation discernment.
The ASRs record the information they gather, including streaming video from 360-degree cameras, and can transmit the data to oversight personnel or allow overseers to monitor circumstances live and communicate with people around the robot in real time through the ASRs speakers.
“If you just look at the metrics, crime has a trillion-dollar negative economic impact on the U.S. every single year. It’s a hidden tax we all pay in blood, tears and treasure,” Santana Li said.
The company’s K1 stationary robot, its mobile indoor K3 model and its outdoor patrolling K5 provide a deterrent to crime simply by being present 24 hours a day, every day of the year, according to Knightscope. The robots can even serve as a safety barrier against the pandemic’s virus transmission, responding to property visitors before human interaction takes place. They also recharge their own batteries at a nearby station when power levels drop significantly, keeping them on the job and economically priced in comparison to potential human staffing costs for the same measure of service.
Santana Li noted that self-driving automobiles have received the lion’s share of attention over autonomous robotic technology, but said that in building the company he felt passionately that such endeavors were not the proper way to commercialize the technology, despite his background in the automotive industry.
Years after investors began pouring millions of dollars into the automobile applications, real world users are still few and far between because of the need to not only master the technology, but the real world metrics of community safety for vehicles traveling at road speeds. Knightscope’s robots, on the other hand, travel at 1 to 3 mph and serve a specific need for private companies and government clients with little or no threat of erroneously causing harm themselves.
“How many people in the audience did a transport or moved something or moved themselves this week in an autonomous vehicle? Nobody, right? So $80 billion went into the sector, nobody shipped anything that’s commercially viable,” Santana Li said. “I believe Knightscope’s the only company in the world operating 24/7, 365 (days) across an entire nation, fully autonomous, no human intervention, with real-world clients and real-world environments.”
Knightscope received favorable attention from the market analysts at Mordor Intelligence, who cited the K5’s usefulness as a sign that the industry’s technology is evolving. Mordor forecasts a global market for ASRs reaching $3.91 billion by 2026, indicating it expects such platforms to increase in popularity with a CAGR of 7.93 percent between now and then (https://ibn.fm/KzblF).
For more information, visit the company’s website at www.Knightscope.com.
Visit www.Knightscope.com/invest for a summary of Knightscope as an investment, with a blue Instant Messaging button for direct contact with their CEO.
DISCLAIMER: You should read the Offering Circular and risks related to this offering before investing. This Reg A+ offering is made available through StartEngine Primary, LLC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
NOTE TO INVESTORS: The latest news and updates relating to Knightscope are available in the company’s newsroom at https://ibn.fm/Knight
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