Knightscope said Federal Risk and Authorization Management Program authorization enables government contracts for its security robots.

Knightscope chairman and CEO said the robotics industry focuses too much on technology and not enough on solving customer problems.

Knightscope announced its offering in December 2021, when it began selling up to 4 million shares of Class A common stock for $10 per share.

Knightscope will be offering $40 million of Class A common stock at $10 per share. Knightscope plans to use the proceeds from the IPO to continue to scale its fleet of security robots and to invest in new technologies.