Cloudastructure Secures Additional $3 Million Preferred Investment from Existing Institutional Investor
21 Aprile 2025 - 2:30PM
Cloudastructure, Inc. (Nasdaq: CSAI) (“we,” “us,” “our,”
“Cloudastructure” or the “Company”), a leading cloud video
surveillance provider of next-generation AI-powered solutions,
today announced that it has secured an additional $3 million
investment from an existing institutional investor through the
issuance of Series 2 Convertible Preferred Stock. The additional
capital is intended to support Cloudastructure’s ongoing expansion
and advancement of its next-generation AI-powered security
solutions.
Under the terms of the agreement, Cloudastructure has issued
3,000 shares of Series 2 Convertible Preferred Stock at a purchase
price of $1,000 per share. The Series 2 Preferred Stock carries a
9.5% annual preferred return and is convertible into shares of the
Company’s Class A common stock, subject to specified terms and
conditions.
Maxim Group LLC acted as sole placement agent in connection with
the preferred investment.
“We are deeply appreciative of our investor’s continued support
and belief in our mission,” said James McCormick, Chief Executive
Officer of Cloudastructure. “We believe their ongoing investment is
a strong affirmation of our strategy and progress, and it enables
us to continue executing on our plan to deliver AI-powered security
solutions that are transforming enterprise security. With this
capital, we intend to enhance product development, scale our
operations, and further expand our sales, installation, and
customer success teams to meet growing demand.”
This follow-on investment comes on the heels of
Cloudastructure’s successful $4.5 million raise last month and
reinforces the momentum the Company has generated following its
direct listing on the Nasdaq Capital Market. The Company has been
winning significant recognition for its award-winning cloud-based
surveillance and remote guarding platform, which delivers
proactive, AI-driven solutions to combat crime, reduce losses, and
standardize enterprise-wide security.
Cloudastructure’s advanced security solutions are built on a
scalable cloud architecture that leverages proprietary AI and
machine learning analytics to provide real-time monitoring,
incident response, and business intelligence. These solutions are
used across a variety of sectors, including commercial real estate,
education, healthcare, and government, enabling customers to
dramatically improve security outcomes while reducing total cost of
ownership.
Additional details regarding this investment are available in
the Company’s Form 8-K, which has been filed with the U.S.
Securities and Exchange Commission (SEC).
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 AI/ML analytics and a seamless remote guarding
solution. This combination enables enterprise businesses to achieve
proactive, end-to-end security while benefiting from a
cost-effective model that eliminates proprietary hardware, offers
contract-free month-to-month pricing, and includes unlimited 24/7
support. With Cloudastructure, companies can stop crime as it
happens while achieving up to a 75% lower Total Cost of Ownership
than other systems.
For more information, visit
https://www.cloudastructure.com/.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release may be considered
forward-looking, such as statements containing estimates,
projections and other forward-looking information. Forward-looking
statements are typically identified by words and phrases such as
“anticipate,” “estimate,” “believe,” “continue,” “could,” “intend,”
“may,” “plan,” “potential,” “predict,” “seek,” “should,” “will,”
“would,” “expect,” “objective,” “projection,” “forecast,” “goal,”
“guidance,” “outlook,” “effort,” “target” or the negative of such
words and other comparable terminology. However, the absence of
these words does not mean that a statement is not forward-looking.
Any forward-looking statements expressing an expectation or belief
as to future events is expressed in good faith and believed to be
reasonable at the time such 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 Hannon Sr.
Communications Director Cloudastructure, Inc.
Kathleen@cloudastructure.com (704) 574-3732
Investor Contacts: Crescendo Communications,
LLC 212-671-1020 CSAI@crescendo-ir.com
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