Cloudastructure Announces Partnership with Global Leader in Commercial Real Estate Services and Investments Managing Tens of Thousands of Properties Worldwide

Commences roll-out with four prominent commercial buildings in San Diego

/EIN News/ -- Partnership underscores the future of security technology in the rapidly growing AI market;
advanced surveillance replaces traditional guards, driving safety and savings

PALO ALTO, Ca, Jan. 31, 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 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 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