Cloudastructure Announces Partnership with Global Leader in Commercial Real Estate Services and Investments Managing Tens of Thousands of Properties Worldwide
31 Gennaio 2025 - 3:00PM
Cloudastructure, Inc. (Nasdaq: CSAI) (“we,” “us,” “our,”
“Cloudastructure” or the “Company”), a cloud-based video
surveillance platform with artificial intelligence (“AI”) and
computer vision analytics, today announced a partnership with a
global leader in commercial real estate services and investments
that manages tens of thousands of properties worldwide. The Company
has already rolled out its service to the first four properties,
all prominent commercial buildings in the heart of downtown San
Diego, California.
The client, a globally recognized leader in real
estate with expertise spanning every dimension of the industry,
sought a modern, cost-effective approach to enhance security.
Cloudastructure’s AI-powered surveillance and remote guarding
solutions replaced traditional on-site security, providing superior
safety while driving significant cost savings. Previously, the San
Diego properties relied on on-site security guards, which came with
higher operational costs. By adopting Cloudastructure’s advanced
technology, the client has not only reduced expenses but also
improved security coverage and efficiency, creating safer, more
secure environments for tenants and protecting valuable assets.
James McCormick, CEO of Cloudastructure, stated,
“We are delighted to announce this collaboration with one of the
most esteemed names in commercial real estate. This partnership not
only highlights the unmatched value of our AI-driven solutions but
also reinforces our standing as a leader in security innovation. By
leveraging our cutting-edge technology, we are transforming
security into a strategic asset, providing real-time surveillance
that is both more effective and cost-efficient than traditional
security guards. Furthermore, our impact extends well beyond this
partnership. We are proud to serve five of the top 10 NMHC-ranked
multifamily management companies. This milestone highlights the
scalability of our business model, positioning us to deliver
industry-leading security solutions to clients of all sizes, across
every sector and geography.”
Cloudastructure is capitalizing on a rapidly
growing market. By 2025, the AI software market is forecasted to
reach $134.8 billion, and over 50% of businesses are expected to
shift their surveillance to the cloud by 2026. Remote
guarding—Cloudastructure’s hallmark offering—remains the
fastest-growing segment in the security sector, helping customers
reduce crime, improve tenant retention, and enhance profitability.
With an impressive 98% customer retention rate, substantial revenue
growth, and a proven ability to scale, Cloudastructure continues to
lead the way in revolutionizing security technology for businesses
across all industries and geographies.
ABOUT CLOUDASTRUCTURE
Headquartered in Palo Alto, California,
Cloudastructure’s advanced award-winning security platform utilizes
a scalable cloud-based architecture that features cloud video
surveillance with proprietary, state-of-the-art AI/ML analytics,
and a seamless remote guarding solution. The combination enables
enterprise businesses to achieve proactive, end-to-end security,
and pairs that platform with an attractive value proposition that
eschews proprietary hardware and offers contract-free,
month-to-month pricing and unlimited 24/7 support. With
Cloudastructure, companies can achieve unparalleled situational
awareness in real time and thereby stop crime as it is happening,
while simultaneously achieving up to a 75% lower Total Cost of
Ownership than other systems. For more information, visit
https://www.cloudastructure.com/.
Forward-Looking Statements
Certain statements in this press release may be
considered forward-looking, such as statements containing
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an expectation or belief as to future events is expressed in good
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forward-looking statement is made. However, these statements are
not guarantees of future events and involve risks, uncertainties,
and other factors beyond our control. Therefore, we caution you
against relying on any of these forward-looking statements. Actual
outcomes and results may differ materially from what is expressed
in any forward-looking statement. Except as required by applicable
law, including U.S. federal securities laws, we do not intend to
update any of the forward-looking statements to conform them to
actual results or revised expectations.
Media Contact:Kathleen HannonSr. Communications
DirectorCloudastructure, Inc.Kathleen@cloudastructure.com.(704)
574-3732
Investor Contacts:Crescendo Communications,
LLC212-671-1020CSAI@crescendo-ir.com
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