AI Security Firm Cites 270% Growth
Cloudastructure, an AI-powered physical security and surveillance company, is highlighting a 270% year-over-year growth rate. The company's leadership will discuss its expanding recurring revenue base and innovation in AI surveillance in a fireside chat on February 19. The discussion will be hosted by Water Tower Research.
- Founder Rick Bentley, who previously founded an IoT company acquired by Uber and advised Google[x], recently transitioned from the CEO role, stating it was time to "bring in someone else to take it to the next level." The new CEO, James McCormick, is an industry veteran who worked with Bentley at General Magic in the 1990s. - The company’s patented technical architecture is intentionally cloud-first, moving video processing to powerful cloud GPUs for AI analysis. Leadership argues this is more scalable and powerful than embedding costly GPUs directly into on-device camera hardware. - A key growth area is the industrial sector; a recent multi-site deployment of a new, self-powered security enclosure is being used to protect a manufacturing facility for a "household-name food brand." - The platform is expanding to include advanced hardware integration, recently incorporating autonomous drones into its mobile surveillance trailers that can be deployed by remote guards. - The company's growth is supported by a business model that eschews proprietary hardware and long-term contracts in favor of a camera-agnostic platform with month-to-month pricing. - After being dismissed by traditional venture capitalists, the company pursued a unique funding strategy, raising $35 million of its more than $57 million total from 13,000 individual investors via crowdfunding. - The reported growth has translated to significant data processing scale, with the company's AI platform now analyzing approximately 8 million videos per day. - The fireside chat is hosted by Water Tower Research, an investor engagement firm that produces institutional-quality, open-access research reports, having published their "AI on Patrol; Next-Generation Video Surveillance" report on Cloudastructure in January 2026.
