Knightscope, Inc. (NASDAQ: KSCP) Celebrates 9th Anniversary; Enters $100M Stock Purchase Agreement with B. Riley Principal Capital
Apr 11, 2022
- The security robot market was valued at $8.87 billion in 2020 and is expected to grow to $19.77 billion by 2026
- Knightscope’s autonomous security robots bridge the gap between unmet security needs and the security demands of a rising population
- The committed equity facility provides Knightscope with the right to sell and issue up to $100 million of its Class A Common Stock
Since the pandemic, an increased need for autonomous technology in the private security and asset protection industries has become apparent, resulting in a growing market for these solutions. The most recent census reported 325 million people living in the United States, but there are only approximately 700,000 local, state, and federal police officers to protect the population – an industry shortage that can be compensated through the implementation of security robots, like the K5 by Knightscope (NASDAQ: KSCP).
As technological developments in the industry evolve, security robots are benefited from improved automation and sensor technology capabilities. Development and improvement in neural network technology have given robots the ability to…
NOTE TO INVESTORS: The latest news and updates relating to KSCP are available in the company’s newsroom at https://ibn.fm/KSCP
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