Knightscope CEO: Security Automation | Mad Money | CNBC

One of the big tech topics of 2017 is going to be automation. Jim Cramer spoke with the CEO of a private company leading the way in the space.
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Knightscope CEO: Security Automation | Mad Money | CNBC

[@Trippp550]

As someone who has done security his entire working career, my pay range was generally 9-10/hr. With the highest I’ve ever been paid being $15/hr. Armed guards get paid $20-$30/hr because they’re *armed*. They represent a threat that tends to deter crime because… they’re armed. So this bot is realistically replacing a $15/hr guard. Now what you’re REALLY saving on is health insurance, benefits, vacation, sick pay, and accidents. Where an associate gets injured and has to go to the hospital. Now that’s where it’s really saving big bucks. Places that would really benefit from this would be retail stores. Having several bots with cameras driving around would be a great deterrent.

[@BR-ex9xp]

These bots are insured too

[@teribuhl]

Cramer didn't ask any Qs about how Knightscope plans to spend the $20 million raised, if they plan to list on an exchange, what were revenues last year and what is their burn rate. This segment was just ad.

[@agentsmith5525]

www.sec.gov/Archives/edgar/data/1600983/000114420416141283/v455625_253g2.htm

[@agentsmith5525]

page 11

[@BLung-tq2mm]

DC Office building got one of these. It drowned itself in the fountain. seriously, it committed robosuicide . look it up

[@Lucianochupacabra]

Lol for real?

[@BLung-tq2mm]

@@Lucianochupacabra blob:kzbin.info

[@user-oj2is7eu5h]

Won't survive drunk teenage pranksters. 'Let's see if it floats'

[@baakmee]

I can't wait to see this thing everywhere, in schools campuses, malls, theaters, casinos, people private driveways, airports, local business , trucking companies, trucks stops, community events, fairs, the beach, the concerts, police stations, military facilities, government building all over the country, medical, and eventually all over the world.

[@MalcomJuliaMorgan]

because you're a fascist new world order shill?

[@Wildboy789789]

@@MalcomJuliaMorgan because we are not criminals and we own shares as capitalists :)

[@lolitajones859]

Laughing my buns off.... this was so funny. Loved it. Made my day.

[@Tripledubsports]

You forgot toilets

[@THEKITPLUG]

Id walk up to that think and throw a blanket on it.

[@baakmee]

that would be a crime if you do so

[@denadonahue3313]

@@baakmee thats the point

[@willienillie6337]

Next thing you know, law enforcement at your house for damaging private property, serving you a court date.

[@reempire888]

I see these robots roaming the parking lot on a regular basis. They're a joke.

[@michelefreeman6850]

R2D2 was never respected in Star Wars 🤷🏽‍♂️

[@Jimbo1920]

No mention of the toddler who was injured by the robot? No mention of the Knightscope founders previous start-up, Carbon Motors Corporation, which closed its doors when it failed to secure a loan from the Obama Administration under the ATVM program leaving Connersville, Indiana in worse shape than when they got there? Could not get a loan from a bank or from investors like everyone else? Put all their cards in a plan to secure a government loan for a vehicle with a diesel engine? As if the feds would fund an automobile that was not electric or hybrid. Left employees with unpaid wages resulting in lawsuits. Now they want to put mall cops out of business. Swell. What a fluff peace. Accepting funding directly from the public? Geez. No venture capital firm will have them? They are in VC city, for God's sake. Cramer has to quit it with the fluff pieces. They make him look like a shill.

[@normanhess8856]

The history or Carbon Motors says it all. this is another sham from the CEO who is now infamous for raising money and running off with it. Let see if he can con another starving state to give him a plant for free.

[@jasonkraus5863]

Jimbo, sounds like you have done your homework on this! It would be great to have you join the conversation about their Reg A+ offering document at mattervest.com/knightscope

[@jamesdoherty6048]

He is a schill. Not Jimmy chill. Jimmy schill

[@JamesWilsonCurrier]

25 an hour? security guards get paid like 10-15 an hour. now the security company might charge 25.

[@alienhybrid51]

Robot falls down the stairs into water fountain and dies great work knightscope

[@Jason954x]

Give those robots guns and allow them to use those guns base on their own glitchy judgements.

[@333BellaLee]

1984 Orwellian robot. Those who trade a little freedom for a little security, deserve neither.

[@robosergTV]

strawman from a Luddite. You dont loose more freedom from these robots vs a human security guy. How is a human security guy is losing you the freedom again? Please go back to your cave.

[@thegamingking7504]

If it were really an orwellian robot, then it wouldn't drown itself in a fountain, or tell a woman to go away and then sing a song

[@sugetoosty1685]

@@robosergTV Ad-hominem attack...Rasta seems to be looking towards the future. China's not doing so well with all it's tech now, lots of human rights violations. I think this individual is pointing towards what this potentially leads to, and I agree. Elon Musk, who is definitely not a ludite, agrees as well as many others. Resorting to name-calling is the very definition of ludite behavior...so be easy.

[@nickmelucci]

If eventually you want to get a ticket every time you leave your car illegally park for 30 seconds you should definitely get behind this.

[@LifesAdvetures]

IPO this week with a $100,000,000 market cap.

[@bryanbroacosta]

Once people get conditioned to this technology the government will be able to use it and people will already be conditioned by then

[@datboy038]

4 years later i hope you realised exactly what you wrote this on

[@wjun0131]

None of the technology in that machine are proprietary.

[@dbsstudent9278]

I mean it's a little dramatic to say it will cut crime in half

[@jordanb6029]

"O no there someone stealing from the store chase after him" knight Robot- chasing after him going 1/2 a mile an hour. "o no we lost him"

[@kablah777]

Nobody chases criminals. Come on. Why even pay mall cops, they've been instructed to do nothing?

[@buddyloche]

Is this a paid advertisement? This guy Jim Cramer seems to be throwing him softball questions and leading questions (to only positive answers).

[@Josh-mon]

Kramer likes the stock

[@eldersun9877]

this guy may not have it together. but the guy after him is going to have a better product. remember the first cell phones? think people !

[@amolakrai7283]

look into AITX, you've got ur answer

[@filminstructor1445]

How about concerns of privacy? Someone's gotta ask right?

[@buff1122]

If they're used in public areas like airports or private company property like Wal-Marts, whats the problem?

[@roger111ify]

I invested in this supposed IPO 3 years ago and they still asking for investors, dont do it waste of my funds, I think this company is a false and its ripping off investors like myself.

[@roger111ify]

@Mike OK, Mr. Broker wannabe.....please explain what I said was incorrect. Since clearly you think know you investing better than me? I bet your that dumb ass that invested a 100 dollars in Robinhood and think you know investing because you made 5 dollars one day. Ok please school me?

[@YouCanDoX]

I do security and pay rate is $10 to $12 an hour in Los Angeles. This will never happen. How will they work in hospitals and commercial use in case of an intruder. You need a human brain in situations.

[@acanova2001]

The idea is they would be an addition not eliminating the humans. Atleast that's what the CEO said

[@planebreach]

Why are you building the f***ing Daleks ?

[@MalcomJuliaMorgan]

robots will not replace us.

[@jameslevierge9480]

We all, have to be in KSCP long , now $6 range

[@DigitalAndInnovation]

I don't get why they can't just use the AI with static cameras around the venue.

[@rasmasyean]

Because no one has the budget for something like that on-site besides the government. And that's only in like tourists hotspots and "national security" areas. You can return to your mall and take pictures in various angles over several days and loiter there and no one will notice.

[@pmdeal]

The min investment is $10,000. Seems high when you don't know where this is going and they don't disclose how their company is doing.

[@entity5555]

according to the new ad min investment is 999 USDwww.seedinvest.com/knightscope/series.m?WSJ.com&WSJ_970_250

[@jasonkraus5863]

Check out their full offering document at www.mattervest.com/knightscope and join the discussion

[@maaxrenn]

its 3 dollars now

[@Tundra0128]

Where do you even go to buy shares?

[@sugetoosty1685]

Esp with a start date of 2013...

[@melissaanderson5204]

it's not it's doctor who lol

[@HardKore5250]

Put them in all churches and schools

[@djbass-ball6860]

Oh no.. Watch Dogs 2 robot spiders are next. I've seen whats in Tidis, armed robots and spider tanks, now part of that is real.

[@kayo3168]

that was my first thought as well🤣 last thing we need is Tidis building weaponized spiders or Blume developing ctOS

[@WildlifeWarrior-cr1kk]

This will not slow crime down

[@sloo6425]

You have You have 20 seconds to comply... you now have 5 , 3,2... bang bang bang...

[@epicscoreCS2]

well guess theifs has to learn to run away using stairs

[@tymartin2293]

🤣🤣

[@emoney822]

Velodyne lidar and knightscope together

[@deasym]

The question I have is what happens when some crook puts duct tape or shaving cream over the lens or, even more simple, just knocks the thing over so it can't get up or record anything?

[@camnewton8276]

Lol, I have a buddy who has these at work. He says everytime it rains the cameras are worthless due to the fog on the cameras. They dont need any help blinding themselves.

[@craigbeuker7636]

A security guard gets $25/hr? I got $7.50/hr. Where the heck are they getting paid $25/hr?!

[@mpdoghandler]

how is knightscope working with ALTX?

[@roger1260]

CAN IT DETECT SOMEONE CARRYING A GUN?

[@u.s.militia7682]

Now robots will violate your civil rights. 😂

[@mylesg1103]

Does it have a backdoor if in a terminator scene?

[@gio7524]

Tidis robotics left the chat

[@HardKore5250]

We need safety bots.

[@reelfishing002]

😂😂😂 they won’t even give us a microwave to heat food , why would they pay this much for robo security Ok how much does it cost to make one of these : say 10k minimum.. vs how much for a metal baseball bat .. you get my drift ..

[@mebeasensei]

Would the kids throw basketballs at it, tag it or tip it over?

[@tarotreadingsbyallastor1852]

TommyTwobats it’s almost 500lbs and almost 6ft tall. Doubt they can knock it over

[@joeyortiz13]

So because somebody went to the same spot for a few days means that they're gonna commit a crime

[@bcnicholas123]

Creepy

[@tonebalone9203]

Yes let's replace human productivity, good job guys let's impoverish more people :)

[@ilikethatboulder.thatisani5496]

Capitalism

[@lightningbug9564]

anyone getting chopping mall vibe here

[@allthingsconsidered7111]

Why has this failed as a company? Maybe paying the CEO a million bucks while not making a dime?

[@drsmetal2747]

Yang is right again.

[@DM0619]

I was concerned about that someone can just knock them over off there wheels then what ?Also if they are patrolling in California what happens if car heads towards the robot to knock it over or break it it millions of pieces.

[@RealDudeistPriest]

Chopping mall come to life

[@joan-mariacbrooks]

These guys had an office on Lexington Avenue in NYC a few years ago. I stopped in because I'd read a story that there were robots like these being used in China and had a chat with one of their people. They claimed not to know anything about it but not long after, that office closed. I'm not surprised to see them here, even though NYPD had bought a few of the 'dogs', displayed them in a heavily "minority" neighborhood and caused an uproar until the creatures were removed. This should be interesting...

[@williamstankiewicz3313]

WELL DONE !!!

[@chevlonmacguinstudios]

Invested $3000 let's hoping.

[@THEKITPLUG]

Gambled*

[@johninh.b.6503]

They public yet?

[@TheMexenrique]

What about now?

[@gwenstacy22]

A suit of armor around the world...

[@mealsonwheels5139]

Broken sidewalks and snow

[@yackawaytube]

Cramer got fooled!

[@Fluterra]

This is so stupid! Investors should prepare to write off their money. A security robot that can’t go up stairs?! And Bill Santana’s track record as a tech CEO is abysmal.

[@CaliforniaRailWatchers]

weebles wobble but they don't fall down

[@SunshineCasy]

Oh my ever-loving God, they're deploying ROBOT POLICE?! Oh sure, ignore everything fiction has ever depicted...

[@denniswaynedipietrantonio6766]

Fantastically futuristic!

[@poratyn]

any thing that he says. is paid advertising, so why to bother?

[@daweller]

Reminds me of a Dalek

[@GryffindorScholar]

I personally worked security at an airport for nearly two years before getting let go, and then being the LONE security guard for more than one neighborhood. I can tell you this egg bot is no replacement, for an well trained security professional! Until technology advances to where we get actual robo cops, security professionals have nothing to worry about.

[@lawerencecollins5471]

What about school security?

[@necrosegamingreaction]

We need them in schools all of them

[@WildlifeWarrior-cr1kk]

Our government doesn't care about schools

[@cengeb]

If Kramer is so smart in investing, why does he have to work everyday? Hmmmm?

[@drewdriver9130]

does it have crash and smash safe tech technology?

[@11ish61]

somewhat informative, but too many softballs...

[@u.s.militia7682]

Yeah I just checked out Knightscope’s stock. Very very sad story.

[@gabrielsebastian74]

Im just hoping they have a great IPO. I got in real early.

[@lucotonico]

Just got in cause I see a bright future ahead for this company

[@videoluvr4204]

i should've pulled the trigger on $8 per share as now they have an additional investment round where shares are $10 each

[@barbarajenkins5009]

The robot is only good for people who want to cooperate with it. As seen yesterday , it is not effective against drunk people who tangle with it.

[@eastsideleef9697]

Welcome to the future ladys and gentleman 🚪🤖

[@taj1234100]

Just carry a blanket, throw over robot end of security robot. Or spray pain can and spray camera

[@mattwolf7698]

It would alert the closest human guard.

[@jaym9004]

Definitely a great business plan of making money out something that costs much lower and could work more effectively. This is basically an A/V recorder with a large disadvantage that - it is right on the face of the perpetrators with its odd size and shape - which will enable them to work around (human mind will always innovate workarounds faster than engineers can add new codes to circumvent that). A much cheaper and effective option is to cover the target area with high-res hidden A/V from all angles - which is way more effective and does not cost on hourly basis. There is distortion of economics these days that everything is great in the [X]aaS model - which is not. There are ample things in life you would want to own not lease. Obviously, this argument makes money for the [X]aaS providers.

[@bx8ball]

Dey took r jabs!!!!!!!!!!!!

[@user-DeDub]

JUST A OVER PRICED CAM

[@rl2983]

PLEASE STOP KNIGHTSCOPE of course they made it look harmless that's just to ease it into society this is real life the beginning of the terminator

[@Stillaninjah]

If they sold these units they would make profit. Great idea but horrible management. He's not selling these as tools like he's saying but a subscription via contract. And when it's over they are going to realize the amount of money they wasted when they could do it for cheaper with a one time payment then long term contract. Also he dilutes shares without communicating with shareholders.

[@edstewart3385]

It's almost like...a person is...guarding the area! A case where a person is actually better than the robot. Silly tech.

[@chrisparsons3841]

Chopping mall! OMG!! ITS COMING TRUE. They even look pretty close. Go watch the movie right now on Tubi for free.

[@needinobaysus3037]

Skynet begins...

[@dxmxo9427]

Mad money guy TALKING IS SO CONFUSING

[@locobadger3376]

Dima Androgynous It's all the Cocaine he snorted before filming!

[@nicknorton37]

No

[@stingr9137]

This is the worse idea I've ever seen! Completely stupid.

[@camnewton8276]

@Benjamin Burkhardt They require you pay for minimum two robots, 365 days a year 24hrs a day, at 7$ an hour. That's $122K per year for a basic package, ie nothing more than the cameras on wheels. Plus, you still need a real security guard to stop the crime (robots just record video and play recorded messages).

[@kephrarubin]

Hopefully they worked out the bugs from the last time they tried this: kzbin.info/www/bejne/iH2wqnykirWEaMk

[@locobadger3376]

Was it intentional that they designed this to look like a suppository? !

[@eldersun9877]

people think this is a joke. you are wrong. if you're a cop . please meet your replacement .

[@winddoggo9406]

Elder Sun It's not replacing there job, they are tools

[@krixig]

Yeah, thats what they said about combine tractors. Took one farmer to do what used to take 15. Or GPS and total stations. Survey crews used to employ at least five guys. Now it takes one. I should know. Technology is wonderful, but it has a dark side that will soon become apparent when nearly everyone in this country is unemployed. This "tool" is an excuse to cut jobs, make no mistake.

[@kk2ak14]

BS!

[@organicvids]

Saves companies money so they can hire more people, bwaaaaahaaa what a crock save me humpty dumpty. Haaaaa

[@user-db1uj2px9l]

dont invest in this lol

[@dripdibi3000]

Blankman robot way better

[@dickmalloy1932]

Defund the police in action 😉