MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Knightscope, developer of advanced physical security technologies focused on significantly enhancing U.S. security operations, today announced that over $15 million has been closed in its $20 million Series m Preferred Stock offering from over 4,000 investors. This financing is in addition to the over $14 million closed in the Company’s previous three financings. The last date to participate in the Series m Preferred Stock offering is October 10, 2017.
This milestone achievement comes on the heels of the recent announcement regarding completion of the beta prototypes of both the K1 stationary and K7 multi-terrain machines. Knightscope’s Regulation A+ “mini-IPO” is the most successful campaign in SeedInvest’s history. SeedInvest is Knightscope’s exclusive broker-dealer for this preferred stock offering.
Knightscope Continues to Scale Nationwide
Knightscope has 46 machines under contract with 35 clients across 9 states and 3 time zones.
Investment Milestone
Knightscope has recently surpassed $15M in its Series m Preferred Stock offering from over 4,000 investors topping its total capital raised to date to over $29M. The Reg A+ “mini-IPO” closes on October 10, 2017.
Next Stop: Dallas
Knightscope is headed to Dallas, Texas with the K1, K3, K5, and K7 to showcase the “Security Team of the Future” to over 22,000 security professionals at the ASIS 2017 conference, September 26 - 28, 2017.
For more information on Knightscope, including investment opportunities in purchasing shares in the Company’s Reg A+ “mini-IPO” which closes on October 10, 2017, please visit www.knightscope.com. Information about the offering, as well as the offering circular, can be found here.
About Knightscope, Inc.
Knightscope, Inc. is an advanced security technology company that utilizes Software + Hardware + Humans to provide its clients with new groundbreaking anomaly detection capabilities. In an increasingly volatile world, we are developing one of the most important technologies to come out of Silicon Valley that will empower the public and private sectors to proactively build stronger, safer communities, ultimately saving money and lives. Crime has a $1 trillion negative economic impact on the U.S. every single year and our long-term mission is to cut it in half. Learn more at www.knightscope.com
About SeedInvest
SeedInvest is a leading equity crowdfunding platform that provides individual investors with access to pre-vetted startup investment opportunities. SeedInvest has funded over 200 startups and boasts a rapidly growing network of over 180,000 investors. SeedInvest has had over 15,000 startups apply to raise capital since inception and has only accepted 1% of those companies to feature on the platform. For more information about SeedInvest, visit www.seedinvest.com.
SEC Disclaimer
An offering statement regarding this offering has been filed with the SEC. The SEC has qualified that offering statement, which only means that Knightscope may make sales of the securities described by that offering statement. It does not mean that the SEC has approved, passed upon the merits or passed upon the accuracy or completeness of the information in the offering statement. You may obtain a copy of the offering circular that is part of that offering statement here. You should read the offering circular before making any investment.
Forward-Looking Statements
This release may contain forward-looking statements regarding projected business performance, operating results, financial condition and other aspects of the company, expressed by such language as “expected,” “anticipated,” “projected” and “forecasted.” These statements also include estimates of the pace of customer adoption of the Company’s products, engineering developments and prototype capabilities. Please be advised that such statements are estimates only and there is no assurance that the results stated or implied by forward-looking statements will actually be realized by the company. Forward-looking statements may be based on management assumptions that prove to be wrong. The Company’s predictions may not be realized for a variety of reasons, including due to competition, customer sales cycles, and engineering or technical issues, among others. In addition, transitioning from proof of concept to working prototypes and then to production involves an inherent amount of uncertainty, and there is no guarantee that the Company will be able to successfully make these transitions for any of its developing technologies. The Company and its business are subject to substantial risks and potential events beyond its control that would cause material differences between predicted results and actual results, including the company incurring operating losses and experiencing unexpected material adverse events.