US-based autonomous security system developer Knightscope has closed $25m in funding, consisting of $20m in a regulation A+ offering and $5m in related private placements from backers including imaging technology producer Konica Minolta.
The oversubscribed transaction also featured family office Bright Success Capital and more than 5,000 private investors. Knightscope had secured more than $15.9m in the offering as of September 2017.
The regulation A+ offering involved shares issued to backers who purchase a minimum of $999 worth of stock, and was conducted on equity crowdfunding platform SeedInvest.
Founded in 2013, Knightscope produces robots that act as mobile security guards. The robots autonomously monitor a pre-defined environment, identifying potential danger in order to deter threats.
The company had previously raised more than $14m in funding, it said. NTT Docomo Ventures, the investment division of mobile network NTT Docomo, contributed to a $1.5m seed round in 2013 that included SeedInvest and angel investor Kishore Ganji.
NTT Docomo Ventures returned in 2014 to back a $5.2m round alongside Konica Minolta and manufacturing services provider Flex. Konica Minolta supplied another $1m in June 2017, with an additional $2m dependent on milestones.
William Santana Li, chairman and CEO of Knightscope, said: “It is clear that our investors see, and that our clients are experiencing, the positive benefits behind our ground breaking and market leading technology.
“We stand firm on our long-term ambition to help make the United States of America the safest country in the world, changing everything for everyone.”