Knightscope Expands with New Silicon Valley Headquarters, Signaling Growth in AI-Driven Security

Knightscope expands with new Silicon Valley headquarters By Investing.com

SUNNYVALE, Calif. - Knightscope, Inc. (NASDAQ: KSCP), recognized for its AI-driven autonomous public safety and emergency communication technologies, has announced the lease of a new corporate headquarters in Sunnyvale, California. The 33,355-square-foot facility at 305 North Mathilda Avenue marks a significant expansion from their previous space and aligns with the company's 12th anniversary. According to InvestingPro data, the company, currently valued at $20 million, maintains a strong liquidity position with more cash than debt on its balance sheet. The new headquarters, strategically situated in the epicenter of Silicon Valley, is poised to more than double Knightscope's operational capacity. This move is set to catalyze growth in various domains, including engineering, manufacturing, and client support. The Sunnyvale base is expected to become a nexus of innovation, focusing on the national deployment of Knightscope's technologies to both private and federal clients, while also contributing to job creation within the American engineering and manufacturing sectors. InvestingPro analysts anticipate significant sales growth this year, though the company's current revenue stands at $10.8 million. William Santana Li, Chairman and CEO of Knightscope, emphasized the importance of the new headquarters, stating that it represents a critical milestone and will act as a springboard for the company's next growth phase. The expansion is designed to bolster production capabilities for their Autonomous Security Robots (ASR) and Emergency Communication Devices (ECD), enhance team collaboration, and facilitate the seamless deployment of their technologies across the nation. Looking ahead, Knightscope is preparing for the development and manufacturing of its future K7 ASR and K1 Super Tower, slated for release in 2026. By consolidating operations in a larger facility, the company is laying the groundwork for increased production and innovation. Knightscope's vision remains to elevate public safety through advanced robotics and AI technologies, with the ultimate goal of making the United States the safest country in the world. This announcement is based on a press release statement and contains forward-looking statements that involve risks, uncertainties, and assumptions. Actual results may differ materially from those projected in these statements, which have not been independently verified. In other recent news, Knightscope has announced a registered direct offering of 625,000 shares of common stock at $2.75 per share, aiming to raise approximately $1.7 million in gross proceeds. The funds from this offering are intended for working capital and general corporate purposes. Additionally, Knightscope achieved full FedRAMP authorization, allowing it to expand its security solutions across federal agencies, enhancing its compliance with stringent cybersecurity standards. This development positions Knightscope to cater to the federal government marketplace requiring FedRAMP-authorized vendors. The company has also made strides in the healthcare sector by deploying its security solutions at three healthcare organizations, including the integration of emergency communication devices and autonomous security robots. Furthermore, H.C. Wainwright analyst Scott Buck has adjusted Knightscope's price target from $16.00 to $12.00, maintaining a Buy rating on the stock. Buck cited strategic changes in 2024 and recent sales announcements as positive indicators for future growth. These developments reflect Knightscope's ongoing efforts to enhance public safety and expand its market presence.

Knightscope Secures New 33,000 Sq Ft Silicon Valley Headquarters to Power Next Phase of Growth as a New Era Begins

Knightscope, Inc. (NASDAQ: KSCP), a leader in AI-powered autonomous public safety and emergency communication technologies, today announced the signing of a lease for its new 33,355-square-foot corporate headquarters at 305 North Mathilda Avenue in Sunnyvale, California. Timed to mark the Company's 12th anniversary since its founding in 2013, this expansion signifies a bold step forward in Knightscope's mission to make America the safest country in the world. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250410640797/en/ Strategically located in the heart of Silicon Valley, the new location more than doubles the Company's previous space, enabling accelerated growth across engineering, manufacturing, and client support. The Sunnyvale facility will serve as a hub for innovation for national deployment of Knightscope's cutting-edge technologies for both private sector and federal clients - while creating new engineering and manufacturing jobs in America. "As we commemorate twelve years of relentless innovation and perseverance, securing this new headquarters is a major milestone for the entire Knightscope team," said William Santana Li, Chairman and CEO. "This facility will serve as the launchpad for our next phase of growth, giving us the space and infrastructure needed to deliver even more powerful solutions to our clients across the country." By centralizing operations in a significantly larger facility, Knightscope is preparing to increase production capacity for its Autonomous Security Robots (ASR) and Emergency Communication Devices (ECD), improve internal collaboration, and streamline nationwide deployment of its technologies - including development and manufacturing of the future K7 ASR and K1 Super Tower in 2026. About Knightscope Knightscope is transforming public safety with cutting-edge robotics and AI technologies. From autonomous security robots to advanced detection systems, Knightscope is committed to building safer communities where you live, work, study and visit. Our long-term ambition is bold but simple: to make the United States of America the safest country in the world. Learn more about us at www.knightscope.com. Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements can be identified by the use of words such as "should," "may," "intends," "anticipates," "believes," "estimates," "projects," "forecasts," "expects," "plans," "proposes" and similar expressions. Forward-looking statements contained in this press release and other communications include, but are not limited to, statements about the Company's goals, profitability, growth, prospects, reduction of expenses, and outlook. Although Knightscope believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks, uncertainties and other important factors that could cause actual results to differ materially from such forward-looking statements, including the factors discussed under the heading "Risk Factors" in Knightscope's Annual Report on Form 10-K for the year ended December 31, 2024, as updated by its other filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date of the document in which they are contained, and Knightscope does not undertake any duty to update any forward-looking statements, except as may be required by law.