Cloudastructure Reports 2024 Year-End Results: Revenue Up 124% Year-over-Year; Gross Profit Turns PositiveBroad-Based Sales Growth: New Customers Up 30%, Subscriptions Up 48%, Remote Guarding Up 404%, Hardware Sales Up 250%
Cloudastructure Secures $4.5 Million Preferred Investment from Existing Institutional Investor to Accelerate GrowthPalo Alto, CA, March 26, 2025 (GLOBE NEWSWIRE) -- 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 a $4.5 million investment through the issuance of Series 2 Convertible Preferred Stock. The financing, which comes from an existing institutional investor, is intended to support Cloudastructure’s expansion and innovation efforts.
Cloudastructure Partners with Renewable Energy Data Center to Lower AI Infrastructure Costs and Drive Competitive AdvantageStrategic move slashes operational costs, enhances AI scalability, and reinforces commitment to sustainable, high-margin growth
Leading Property Management Firm in DC Metro Area Selects Cloudastructure for Ai-Powered SecurityInnovative cloud surveillance solution allows for compliance with evolving regulations in cities nationwide
Cloudastructure Announces Plans to Double Salesforce in Strategic Expansion to Meet Growing DemandPALO ALTO, Ca, Feb. 06, 2025 (GLOBE NEWSWIRE) -- 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 that as part of its strategic expansion plan, it is planning to double its salesforce to meet the growing demand for advanced security solutions across various industries, from multifamily properties to enterprise-level commercial sites.
Cloudastructure Strengthens Partnership with Premier Multifamily Real Estate FirmLargest order to date from long-standing client; Reinforces commitment to AI-driven security solutions
Cloudastructure Announces James McCormick to Assume the Role of Chief Executive Officer as Successor to Founder Rick Bentley
Cloudastructure, Inc. (“we,” “us,” “our,” “Cloudastructure” or the “Company”), a cloud-based video surveillance platform with artificial intelligence (“AI”) and computer vision analytics, announced today that founder Rick Bentley will be transitioning from his role as Chief Executive Officer and a member of the Company’s board of directors (the “Board”) to the role of Founder. Fellow Board member and industry veteran James McCormick will be taking over the reins as CEO, as well as continuing to serve on the Board.
