Total amount raised
$49.5 Millions
Latest funding date
07/01/2021
Location
Cloudastructure has successfully raised $3,000,000 in a recent Post-IPO Equity round, adding to its series of funding efforts. The company specializes in cloud-based infrastructure solutions, including Video Surveillance as a Service (VSaaS) and Door Access Control as a Service (ACaaS).
Keep reading to explore the intricacies of Cloudastructure's fundraising journey and the investors backing this innovative platform.
What Is Cloudastructure?
Cloudastructure, founded on September 1, 2013, by Glenn Forrester and Rick Bentley, is headquartered in Palo Alto, California. The company operates in the cloud infrastructure, Internet of Things, and SaaS industries, providing cloud-based infrastructure for building automation.
With a team of 11-50 employees, Cloudastructure offers solutions such as Video Surveillance as a Service (VSaaS) and Door Access Control as a Service (ACaaS). Their platform centralizes access control management with video monitoring, enabling customers to scale across multiple locations while keeping critical data safely offsite.
How Much Funding Has Cloudastructure Raised?
- Funding Round: Convertible Note
- Amount Raised: $750,000
- Date: August 1, 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure initial capital for product development and market entry.
- Funding Round: Seed Round
- Amount Raised: Not publicly disclosed
- Date: May 25, 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Funding Round: Equity Crowdfunding
- Amount Raised: $750,000
- Date: March 1, 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance marketing efforts and increase market penetration.
- Funding Round: Equity Crowdfunding
- Amount Raised: $20,000,000
- Date: June 10, 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and invest in research and development.
- Funding Round: Funding Round
- Amount Raised: $28,000,000
- Date: July 13, 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand sales and marketing teams and invest in further research and development.
Total Amount Raised: $49,500,000. Current Valuation: Not publicly disclosed.
Key Investors
The major investors in Cloudastructure are:
- Dean Bartosh
- Details: Dean Bartosh is a notable investor in Cloudastructure. Specific details about his background and other investments are not publicly disclosed.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
- Upward
- Details: Upward is another key investor in Cloudastructure. Specific details about the firm and its other investments are not publicly disclosed.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
Information about other major investors, their focus areas, and notable investments was not found in the provided sources.
What's Next for Cloudastructure?
Cloudastructure stands at the cusp of significant growth opportunities. With the recent $28 million raised through a Regulation A+ offering, the company is poised to expand its sales and marketing teams and invest in research and development. The cloud-based video surveillance market is ripe for disruption, with an estimated 90% of firms still using outdated systems. This presents a substantial market potential for Cloudastructure's advanced AI and IoT-integrated solutions.
Future fundraising efforts are likely, as the company plans to increase its Regulation A+ offering to $75 million. This additional capital will support further expansion and technological advancements. However, Cloudastructure will need to navigate challenges such as competition from other providers and ensuring data security and privacy. As the demand for cloud-based solutions continues to grow, the company is well-positioned to capitalize on these trends while addressing the hurdles that come with rapid growth and technological innovation.
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