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PALO ALTO - Cloudastructure, Inc. (NASDAQ:CSAI), a provider of AI surveillance and remote guarding services, announced Tuesday it has signed $2.69 million in contracts during the first half of 2025, representing a 274% increase compared to the $719,270 signed in the first half of 2024. The company, currently valued at $28.93 million, has demonstrated strong revenue growth of 142.52% over the last twelve months, according to InvestingPro data.
The company reported that the first-half contract value also surpassed its full-year 2024 signed contract value of $1.5 million by 79%.
According to the company’s press release statement, organizations across multifamily housing, commercial real estate, and construction sectors are adopting Cloudastructure’s AI-powered security platform. The company claims its platform has demonstrated a deterrence rate exceeding 98% against threatening activity.
"The fact that we have already outpaced our 2024 full-year signed contract total in just six months underscores the market’s growing confidence in our technology and our team," said James McCormick, CEO of Cloudastructure.
The company identified several customer segments contributing to growth, including existing customers expanding deployments, construction contractors adopting its Mobile Surveillance Trailer Alpha product, affordable housing providers using remote guarding services, and mixed-use developments implementing the platform for multi-tenant security environments.
Cloudastructure describes its offering as a cloud-based architecture that features video surveillance with AI/ML analytics and remote guarding solutions.
In other recent news, Cloudastructure, Inc. has secured an additional $3 million investment through the issuance of Series 2 Convertible Preferred Stock. This funding, obtained from an existing institutional investor, aims to support the company’s expansion and advancement of its AI-powered security solutions. The investment follows a recent $4.5 million raise and will be used to enhance product development and scale operations. In another development, Cloudastructure has entered the construction sector with its Mobile Surveillance Trailer Alpha™, sold to a leading U.S. construction firm specializing in renewable energy projects. This marks the company’s expansion into a new industry, offering AI-enhanced surveillance solutions tailored to construction sites. Additionally, Cloudastructure has amended its bylaws and code of ethics, as approved by its board of directors. The revised bylaws include updates on corporate governance, board procedures, and indemnification clauses for directors and officers. These changes were disclosed in a statement filed with the Securities and Exchange Commission.
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