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Cloudastructure Inc (CSAI) delivers AI-powered cloud surveillance solutions addressing modern security challenges for multifamily and enterprise clients. This dedicated news hub provides investors and professionals with verified updates on company developments, financial performance, and technological innovations.
Access press releases covering earnings reports, product launches, and strategic partnerships, alongside analyses of regulatory compliance advancements in AI-driven security. Our curated collection simplifies tracking CSAI's market position and operational milestones.
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Cloudastructure (Nasdaq: CSAI), the AI surveillance company, has received prestigious recognition at the 2025 American Business Awards. CEO James McCormick was awarded the Silver Stevie® for Maverick of the Year in Business Services, while the senior leadership team earned the Gold Stevie® for Achievement in Management in Computer Software.
The awards acknowledge the company's transformation from startup to Nasdaq listing, with judges particularly praising McCormick's innovative leadership and resilience. The management team, including CFO Greg Smitherman, CRO Lauren OBrien, and CTO Gregory Rayzman, was recognized for achieving 183% sales growth, 75% cost reduction, and raising $6.3 million in capital.
The American Business Awards, known as 'The Stevies®,' attracted over 3,600 nominations in 2025, with winners selected by more than 250 industry professionals.
Cloudastructure (Nasdaq: CSAI) has secured an additional $3 million investment from an existing institutional investor through Series 2 Convertible Preferred Stock issuance. The investment, priced at $1,000 per share for 3,000 shares, carries a 9.5% annual preferred return and is convertible into Class A common stock.
This follows a $4.5 million raise last month and comes after the company's direct listing on the Nasdaq Capital Market. The funds will support product development, operational scaling, and expansion of sales, installation, and customer success teams to meet growing demand for their AI-powered security solutions.
Cloudastructure's cloud-based surveillance and remote guarding platform serves various sectors including commercial real estate, education, healthcare, and government. Maxim Group served as the sole placement agent for this preferred investment.
Cloudastructure (Nasdaq: CSAI) has secured a contract with a major national multifamily property management company to implement its AI Surveillance and Remote Guarding system across four Florida properties. The solution addresses specific challenges including trespassing, unauthorized pool usage, and illegal dumping.
The AI-driven platform, featuring real-time threat detection and live voice interventions, has demonstrated a 97% crime deterrence rate based on internal data from 2023. The implementation comes as Florida introduces new tort reform laws, with the solution aimed at enhancing security and reducing liability.
According to a National Apartment Association study cited in the release, less than 13% of U.S. residents live in communities with monitored surveillance cameras, though those who do report significantly higher feelings of safety. The deployment represents a strategic move to improve operational efficiency and resident security in the multifamily housing sector.
Cloudastructure (Nasdaq: CSAI) has expanded its partnership with a major real estate investment firm to implement AI-driven security solutions across seven multifamily communities. The expansion follows successful deployments in Atlanta properties and comes as a response to security incidents including trespassing and vehicle break-ins.
The solution features cloud-based AI analytics, remote guarding software, and 24/7 live monitoring, achieving crime deterrence rates over 97% according to internal data from 2023. A September 2024 National Apartment Association survey revealed that while only 13% of multifamily residents live in communities with monitored cameras, 70% believe these systems prevent crime, and residents are 17% more likely to recommend monitored communities.
Cloudastructure (Nasdaq: CSAI) reported strong financial results for 2024, with revenue increasing 125% year-over-year to $1.4 million. The company achieved broad-based growth across all segments:
- New locations up 30%
- Cloud video surveillance subscriptions up 48%
- Remote guarding revenue up 404%
- Hardware sales up 250%
The company turned a gross loss into a $0.4 million gross profit in 2024, compared to a $0.1 million loss in 2023. Net loss improved to $6.5 million ($0.45 per share) from $9.0 million ($0.60 per share) in 2023. Notable developments include securing contracts with a $1 billion residential investment firm, beginning trading on Nasdaq through direct listing in January 2025, and reducing data processing costs by 50% through a renewable energy partnership in Montana.
Cloudastructure (Nasdaq: CSAI), a cloud video surveillance provider, has secured a $4.5 million investment through Series 2 Convertible Preferred Stock from an existing institutional investor. The financing involves 4,500 shares at $1,000 per share, carrying a 9.5% annual preferred return and convertibility into Class A common stock.
The funds will support the company's expansion of AI-driven security solutions, market growth, and general corporate purposes. Cloudastructure plans to scale operations by expanding sales, installation, and customer success teams to meet increasing demand. The company's cloud-based surveillance platform, which has won over two dozen awards, serves various sectors including commercial real estate, education, healthcare, and government institutions.
Cloudastructure (Nasdaq: CSAI), a cloud-based video surveillance platform, has announced a strategic partnership with a crypto-mining company to expand its AI hosting capabilities through their renewable energy data center in Montana. The facility, powered by hydroelectric energy near Glacier Park, operates at less than half the cost of traditional Silicon Valley data centers and is more economical than solutions from Amazon or Google.
The data center leverages the region's natural climate advantages, eliminating the need for expensive HVAC systems while maintaining optimal performance. The facility's location near the largest natural freshwater lake in the western contiguous United States provides sustainable hydroelectric power, enabling cost-efficient operations for Cloudastructure's AI-intensive video surveillance platform.
Cloudastructure (Nasdaq: CSAI), a cloud-based video surveillance platform, has secured a partnership with a major residential development firm in the DC Metro area to implement AI-powered security solutions at two multifamily properties. The unnamed development partner manages approximately 4,000 units valued at over $1 billion.
The implementation aims to address rising security challenges and comply with strict local regulations. Cloudastructure's AI-driven system features live monitoring, real-time alerts, automated system checks, and video analytics to enhance safety and support law enforcement efforts.
Cloudastructure (Nasdaq: CSAI) has unveiled Alpha™, an advanced mobile surveillance trailer solution that combines AI-powered security with patented illumination technology. Built in Elkhart, Indiana, the system integrates Cloudastructure's AI surveillance and remote guarding platform with hardware from RVMP® Flex Security™.
The Alpha solution features a cloud-based VMS with 30-day storage, advanced AI analytics, and remote guarding services with a 97% deterrence rate. The hardware includes four 220W Bifacial Solar Panels, 600Ah lithium batteries, a 2880W backup generator, three 1080P PTZ cameras, patented LED lighting, and a 27-foot mast with horn speaker.
The system is designed for applications including storage facilities, dealerships, parking lots, construction sites, events, and disaster relief zones. It offers IP65-rated waterproof protection, WiFi capability with SIM cards, and 24/7/365 connection for continuous surveillance.
Cloudastructure (Nasdaq: CSAI) has been selected by a leading property management firm in the DC Metro area to implement AI-powered security solutions across five multifamily communities. The selection comes in response to new surveillance compliance regulations in the region.
The implementation includes NextGen AI-powered surveillance features such as standardized surveillance views, continuous motion-based monitoring, real-time threat alerts, automated system health checks, advanced search capabilities, and 30-day video storage with incident playlist creation.
This deployment reflects a broader trend of cities and counties across Maryland, Georgia, Florida, Texas, and California introducing new surveillance mandates for enhanced resident safety and law enforcement support. The property management firm's decision aims to ensure regulatory compliance while improving security standards and operational efficiency.