Cloudastructure Strengthens Partnership with Premier Multifamily Real Estate Firm
03 Février 2025 - 2:30PM
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 significant expansion
of their partnership with one of the nation’s leading multifamily
investment firms and a premier provider of multifamily real estate
services. This valued, long-term customer has placed its largest
order to date, signaling an accelerated deployment of
Cloudastructure’s AI-driven security platform.
The client, a multi-disciplined real estate
investment and services firm managing over 60,000 units across 350
properties in the U.S., has been an advocate for leveraging
technology to enhance operational efficiencies. By increasing its
investment in Cloudastructure’s cutting-edge surveillance and
remote guarding solutions, the firm is reinforcing its commitment
to delivering best-in-class security across its extensive
portfolio.
"We are excited to strengthen our partnership with one of the
most prominent and respected names in multifamily real estate,"
said James McCormick, CEO of Cloudastructure. “Their decision to
proceed with seven new properties represents their largest single
rollout to date, potentially signaling accelerated growth and
increased adoption this year. Our platform delivers unparalleled
real-time surveillance, significantly enhancing security while
reducing costs compared to traditional on-site guards. This
collaboration highlights the growing demand for intelligent,
AI-driven security solutions that not only protect assets but also
streamline operations. As the industry embraces advanced
surveillance technologies, we look forward to continuing our
support for property owners and managers, helping them safeguard
their investments and create safer communities."
Cloudastructure’s AI-powered surveillance
solutions provide real-time anomaly detection, remote monitoring,
and automated alerts, enhancing security effectiveness while
significantly reducing costs. By replacing traditional on-site
guards, customers achieve substantial savings and benefit from 24/7
comprehensive protection. As the multifamily sector rapidly adopts
cloud-based security, Cloudastructure remains at the forefront of
this transformation. Market trends further validate its growth
trajectory, with AI-driven security solutions gaining
momentum—projected to reach a $134.8 billion market by 2025, and
over 50% of businesses expected to transition to cloud-based
surveillance by 2026. Remote guarding, Cloudastructure’s
fastest-growing segment, continues to drive crime reduction,
improve tenant retention, and boost profitability. With a 98%
customer retention rate, continuing revenue growth, and a scalable
business model, we believe Cloudastructure is well-positioned to
lead the evolution of security technology, delivering cutting-edge
solutions that redefine modern security standards across
industries.
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
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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
Cloudastructure (NASDAQ:CSAI)
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