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Cloudastructure Secures $2.69 Million in First-Half 2025 Contracts — Exceeds Full-Year 2024 Total by 79%
Globenewswire· 2025-07-15 13:00
Core Insights - Cloudastructure, Inc. has reported a significant increase in contract signings, totaling $2.69 million in the first half of 2025, which represents a 274% year-over-year growth compared to $719,270 in the first half of 2024, and a 79% increase from the total full-year 2024 contract value of $1.5 million [1][2][3] Company Performance - The company's commercial momentum in 2025 is driven by a rapidly growing demand for its AI-powered security platform, particularly in sectors such as multifamily housing, commercial real estate, and construction [2][3] - The platform has demonstrated a deterrence rate of over 98% against threatening activities, contributing to its broader adoption across key sectors [2] Market Positioning - The CEO of Cloudastructure highlighted that the company has already surpassed its full-year 2024 signed contract total within just six months, indicating strong market confidence in its technology [3] - The company is positioned to capitalize on this momentum with a cloud-based architecture, strong gross margins, and a high-ROI value proposition that replaces traditional onsite security labor [3] Customer Adoption - Existing customers are scaling deployments across their portfolios, while construction contractors are adopting the Mobile Surveillance Trailer Alpha™ as a modern alternative to outdated systems [7] - HUD and affordable housing providers are leveraging expanded Remote Guarding services to enhance safety and compliance, and mixed-use developments are implementing Cloudastructure's platform for complex security management [7]
Cloudastructure Expands into Construction Market with Initial Sales of Mobile Surveillance Trailer Alpha™
Globenewswire· 2025-05-21 13:00
Core Insights - Cloudastructure has made its first sale of the Mobile Surveillance Trailer Alpha™, marking its entry into the construction sector and expanding its total addressable market (TAM) [1][5] - The company’s AI-powered mobile surveillance solutions are designed to address the growing concerns of theft and vandalism in high-risk job sites, particularly in the construction industry [1][4] Company Developments - The customer, a national contractor in renewable energy, selected Cloudastructure for its reliable live monitoring capabilities, which outperformed their previous provider [2] - The Mobile Surveillance Trailer Alpha™ offers features that are critical for installations in rural areas, including rapid response capabilities [2] Industry Context - Construction site theft is a significant issue, with annual losses estimated between $300 million and $1 billion, and recovery rates for stolen equipment are below 25% [3] - As insurance companies increase scrutiny and premiums for at-risk sites, there is a growing demand for smarter security solutions [4] Product Features - Cloudastructure's mobile surveillance trailer provides 24/7 protection with AI detection and human intervention, achieving a 98% deterrence rate [4] - The platform offers a centralized cloud-based portal for managing surveillance across multiple sites, along with features like real-time AI threat detection and proactive remote guarding [6][7] Market Positioning - The sale of the Mobile Surveillance Trailer Alpha™ validates the demand for flexible, mobile surveillance solutions in underserved markets [5] - Cloudastructure aims to capture market share through its high-margin, recurring revenue model, especially as costs related to theft and insurance continue to rise [5]