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SUNNYVALE, Calif. - Knightscope, Inc. (NASDAQ:KSCP), a $56.6 million market cap developer of autonomous security robots, announced Thursday it has signed a two-year agreement with Palantir Technologies Inc. (NASDAQ:PLTR) to join its FedStart program, aiming to accelerate Knightscope’s entry into the U.S. federal marketplace. The announcement comes as Knightscope’s stock has shown strong momentum, gaining nearly 8% in the past week, according to InvestingPro data.
The collaboration provides Knightscope with an accelerated pathway to FedRAMP High and Department of Defense Impact Level 5 accredited environment, along with comprehensive onboarding services and direct Authority to Operate support. These capabilities are considered essential for deploying AI-driven security technologies in secure federal settings. While Knightscope maintains a healthy balance sheet with more cash than debt and a current ratio of 2.27, InvestingPro analysis indicates the company faces challenges with cash burn and profitability.
Under the agreement, Knightscope will operate its software within Palantir-managed AWS GovCloud clusters to ensure compliance through accredited infrastructure, continuous monitoring, and quarterly third-party assessments.
"This agreement represents a transformational step forward in our federal strategy," said William Santana Li, Chairman and CEO of Knightscope, according to the press release.
The partnership comes as Washington shows increasing interest in establishing a National Robotics Strategy focused on strengthening domestic innovation and modernizing government operations.
Through the FedStart program, Knightscope aims to scale its solutions for national security, public safety, and critical infrastructure protection applications within federal agencies.
The announcement aligns with Palantir’s stated mission to provide American institutions with secure, AI-driven platforms. Knightscope’s autonomous security technology will potentially be deployed in what the company describes as "mission-critical and security-conscious environments."
This information is based on a company press release issued Thursday. Analysts maintain a bullish outlook on Knightscope, with a consensus "Strong Buy" recommendation and two analysts recently revising earnings estimates upward. For deeper insights into Knightscope’s financial health, growth prospects, and 16 additional key ProTips, visit InvestingPro, where you’ll find comprehensive analysis in our exclusive Pro Research Report.
In other recent news, Knightscope Inc. has secured over $1 million in new contracts for its autonomous security robots and emergency communication devices. The company reported a significant expansion in its Emergency Communication Devices business, with 541 new devices ordered across sectors such as higher education, parks and recreation, healthcare, and local government. Additionally, Knightscope has secured new contracts for its K5 Autonomous Security Robots in transit authority, data center, and higher education markets. The company’s contracts include both new client acquisitions and renewals from existing customers in retail, biotech, and hospitality sectors.
Furthermore, Knightscope has entered into a two-year agreement with Palantir Technologies to accelerate its entry into the U.S. federal marketplace. This partnership positions Knightscope to scale its AI-driven public safety solutions for national security and critical infrastructure protection applications. In analyst news, Ascendiant Capital has lowered its price target for Knightscope to $26 from $30 while maintaining a Buy rating on the stock, citing attractive valuation and growth potential. The analysts expressed confidence in the company’s prospects despite the adjusted price target. Knightscope’s recent developments highlight its expanding presence and strategic initiatives in the security technology sector.
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