Cloudastructure Raises $30+ Million

By John Honovich, Published Nov 08, 2021, 12:26pm EST

California's Cloudastructure has raised over $30 million through Regulation A+ / crowdfunding and now has a sizeable amount of funds to expand. How well-positioned is this VSaaS / AI provider?

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Based on an interview with the CEO Rick Bentley, we examine the approach Cloudastructure is taking, its opportunity, and risks.

Background ** ***************

*************** *** ********** ****** as "********" ** **** and *** **** ******* cloud / ****** ***** surveillance ***** *** **** early **** ** ***** (e.g.,** ******* **** ** IPVM's **** ***** **********). ***** *** ******* has ******* *** **+ years, *** ******* *** never *** *********** *******. With *** ******* ** these *********** ********, *********, their **** ** ** change ****.

Product ******** ********

*** ******* ******** ** a ******* ********** *********** of ***** *** ** analytics ** ***, ** the **** ***** *****:

*************** **** *** ****/**** cameras *** **** ***** an **-**** ********* (****** the "***** ***** ********" **** ***** ****** / *********** **** ***************'* cloud ********.

*** **** ******* ******* of *** ******** ** delivering ********* *** ***** / ********** ** ***. While *** ******* ** certainly *** ****** ** such * ***********, **** are ****** ** ******* both ********** ** * single ********, ******** *** need ** ******** ** integrate *** ***** *********.***************'* ** ************* ***********, ******/ *******/ backpack *********, **** *********, social **********, ***.

CEO *** *******

IPVM Image*** *******'**** **** ********* *** ******* ** the ******* *** *** run *** ******* *** the **** **+ ***** while ************ ******* ** other *************, **** ******* CTO ** ****** ****** (which ** ***** ***********'* CEO *** ****** ***********) and ** ******* ** Google.

******* ***** **** ***** at ******, ** *** the *********** ** ********** emphasizing *** *** *********** of ***** ********* ** the ***** ******** *** value *********** ** ***** by ********* ***** ***** recording **** **.

Funding ******* $**+ *******

********** *** ****** $**.* million, ******* * ********** A+ *********** **** ****** non-accredited ********* ** ****** in *** *******, ******** for ************.

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*** ***-***** ****** ********* for **** ***** ** $36 *******, ***** ***** be ********** ***** *** compared ** ***** ********* (e.g., *********** ** ******* at *** **** *********) or ***** **** *********** the *******'* **** ** revenue.

*** ******* *** $**.* million **** ** ****, as ** **** **, 2021,********* ** *** **** recent **********.

Financial ******** / **** *** *******

*** ******* ******* *** the ******* ** *** simple **** ** ********. For *** ***** **** of **** ******* *** just $**,*** ** ******* $10,000 *** *****:

*** *******’* *** ******** for *** *** ****** ended **** **, **** were ************* $**,*** ******** to $**,*** *** *** six ****** ***** **** 30, ****, ** ******** of **%

***** *** **** ** so ***, ** ***** not ** **** ** grow ******** ************* ******, with **** * *** base, **** **** **** to ** **.

** ***** ****, **** virtually *** ** ***** and *********, *** **** say **** *** *** at **, ** ** the *** ** ** 2021:

** **** *** ******* has ******* ** ******* its ***** *** ********* team. ** ** **** 30, ****, ** *** 13 ********* ** ***** areas ** ******** ** 1 ** *** *** of ****.

******** ******** **** * corresponding ***** ** ***** in ****, **** * total ** ** *************** employees *** ********:

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Risks ******* *******

*** *************** ***** ** effective ***** *** ********* organization? ** ** ******** for * ******* ** be ** *** ** Connexed / *************** ** and ** *** ***** as **** ** *************** is ******* ******* ****** a ******* "******" ******* in *****. ** ** not **** ****** ** confidently *** *** *** or *** *****.

Positive ******** ******

*** ***** ******** ****** for *** ******* ** that *** **** ** right *** *** **** product ********. ** ***** ago, * ***** *** and **** * ***** ago, *********** ***** ******* in ************ **** * product ********.

*** ***** ** **** (almost ****), ***** ** a ****** **** ******* of ***** *** ** analytics, **** ********* ************ choosing ***** *******.

** *************** *** *******, they ** **** * market ******* **** ** growing **** *** ******** significantly *****.

Broader ******* ******

***** ***************'* ***** ** funding *** ******** (**** VSaaS ********* *** ****** by ************ ******* *********, rather **** *** *+), this **** ****** *** broader ***** ** ***** money ***** **** ******** security **** *********.

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