April 7, 2022
Knightscope, which develops advanced physical security technologies, has announced it deployed a Knightscope K5 Autonomous Security Robot (ASR) with a Fortune 500 company in Charlotte, N.C. One of the largest finance companies in the U.S. added the K5 ASR to its security program to help provide a safer environment for customers and employees.
The Knightscope’s autonomous security robots are able to deter, detect and report security incidents.
The latest deployment is another in a string of deployments for the company, which include robots being deployed in Silicon Valley, at a credit union in Mountain View, Calif., and a 970,000-square-foot distribution center in Southern California.
The company also recently announced it entered into a $100 million common stock purchase agreement with B. Riley Principal Capital, which provides Knightscope with the right, without obligation, to sell and issue up to $100 million of its Class A Common Stock over a period of 24 months to B. Riley at Knightscope’s discretion.
“One of the reasons to publicly list Knightscope was to gain access to the wider capital markets and fuel the growth of our mission to make the United States of America the safest country in the world,” said William Santana Li, chairman and CEO of Knightscope. “This facility provides us just that – an ability to continue our growth on our timetable and at our discretion, providing for one of the least dilutive financing mechanisms available to the company.”
For more details on the company and its robots, visit the Knightscope website here.