Cloudastructure Wins AI Surveillance Deal
A top-15 US National Multifamily Housing Council (NMHC) operator has selected Cloudastructure to deploy its AI-powered video surveillance and remote guarding technology. The system will be installed at a luxury residential community in Houston, Texas. The deal represents a shift from traditional human security guards to real-time AI monitoring and intervention in the property management sector.
- This new partnership means Cloudastructure (NASDAQ: CSAI) now provides its AI surveillance solutions to eight of the top 15 largest multifamily operators in the United States as ranked by the National Multifamily Housing Council (NMHC). - The company's platform has a documented 98% incident deterrence rate and offers features like facial and license plate recognition, along with live remote intervention. - In July 2024, founder Rick Bentley transitioned from the CEO role, with industry veteran James McCormick taking over as the new Chief Executive Officer. - Cloudastructure has raised a total of $31.3 million over seven funding rounds, with its largest being a Series A round of $29.6 million in July 2021. The company also secured an additional $7.5 million in funding through two convertible preferred stock offerings in March and April of 2025. - The adoption of this technology in the multifamily sector is driven by rising liability and insurance scrutiny, as well as challenges with trespassing, auto theft, and misuse of amenities. - Cloudastructure's system is designed to be "camera agnostic," allowing property owners to integrate it with their existing surveillance hardware. - The broader AI in property management market is seeing growth in tools for predictive risk assessment, which analyze security data and local crime statistics to preemptively identify vulnerabilities.
