In This Article:
Commences roll-out with four prominent commercial buildings in San Diego
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.