Knightscope’s offering lures sixteen backers

XDATA – August 28th 2014

knightscopeSo far sixteen investors participated to Knightscope‘s $5.4 million brokered financing round. Financial backers bought, a couple of months ago, 28% of the offering or $1.52 million worth of equity. The offering will remain open until June 2015 while an additional $3.89 million worth of securities is sold to investors. The private placement’s expected net proceeds will amount to $5.33 million excluding $75,000 paid in brokerage fees by the company. Until this disclosure Knightscope had raised an estimated $1.5 million in unregistered securities via one previous financing round.

Knightscope markets and develops K5 a machine that utilizes a combination of autonomous technology, robotics and predictive analytics to provide a physical presence while gathering important real-time on-site data with its numerous sensors. Data collected through these sensors is processed through the K5’s predictive analytics engine, combined with existing business, government and crowdsourced social data sets, and subsequently assigned an alert level that determines when the community and the authorities should be notified of a concern. The K5 is offered on a machine-as-a-service (MaaS) basis.

William Santana Li (Chairman and CEO) leads the Mountain View CA based company which was registered in 2013.Knightscope elected to keep its revenues undisclosed.
The executive team includes Stacy Dean Stephens.

The company has raised an estimated total of $3.02 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Knightscope
Industry: Other Technology
Amount offered: $5.4 million
Amount placed: $1.52 million
First sale: 06-20-2014
Data as of: 08-28-2014

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