Secures Up to $10 Million in Financing
Autonomous Security Robot Developer Partners with Dimension Funding, LLC
Knightscope, Inc., a developer of advanced physical security technologies utilizing fully autonomous robots focused on enhancing U.S. security operations, announced today that it has secured up to $10 million in financing for its operations.
Knightscope has partnered with Dimension Funding to enable clients to finance their Autonomous Security Robot (ASR) subscription agreements. The program has been established to provide Knightscope clients with subscription financing alternatives of up to $10 million in the first 12 to 24 months.
Since 1978, Dimension Funding has built and maintained a solid track record and reputation as a trusted source for capital for U.S. and Canadian business owners, entrepreneurs and professionals to help grow their businesses. They specialize in working with equipment, software and technology vendors, providing innovative and flexible financing to their clients. They fund, on average, $50 million per year in vendor financing.
Dimension Funding has created a corporate culture of stability and integrity that is rare in the industry. Dimension uses its years of expertise and knowledge to create financing programs that best fit their clients’ needs. More than 80 percent of their business comes from repeat clients or referrals. Most of its staff have been with the company for over 10 years and many for much longer.
“We are excited to put this financing program in place to help our clients and allow us to accelerate our growth,” said William Santana Li, chairman and CEO, Knightscope. “We believe this is an opportunity to greatly improve our overall operational cash flow.”
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