- Silicon Valley-based Knightscope produces autonomous security robots (“ASRs”) that provide indoor and outdoor security 24 hours a day, 365 days a year
- Knightscope’s ASRs surveil client properties using an array of artificial intelligence, machine learning and Internet of Things tools
- The ASRs are part of a growing trend in consumer acceptance of technologies that independently monitor circumstances and make recommendations or take actions
- Knightscope’s investor base grew rapidly between early January and early February from 18,000 to 19,000 through the company’s Reg A+ offering
Businesses and homeowners are increasingly adopting Internet of Things (“IoT”) technology to automate and remotely control a wide variety of home and office functions and to monitor for problems, including security risks. Alexa, Ring and Nest have practically become family members within modern households, demonstrating the prevalence of IoT for consumers and driving expectations that smart devices connected online will increase from 35 billion in 2021 to 75 billion by 2025, according to Forbes (https://ibn.fm/nQSNP).
Far from simply describing products that monitor behavior and produce data, the IoT has become real-world applications built on their ability to process data quickly and make recommendations or take actions based on its analyses using…
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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