That Radio Frequency Identification Card (RFID) that everyone carries in every modern office building can be copied, from a few feet away, without it ever coming out of a pocket or bag. That means that your sophisticated RFID card is less secure than a regular old metal key--at least no one can copy your key when it’s in your pocket.
Companies around the world know this, but have limited ability to do anything about it. They try to put guards up in lobbies, with two basic functions:
Even the most sophisticated companies on the planet are stuck with this terrible security, and they come up with crazy ways to try to make it better. When our Founder/CEO was at Google they had the “Tailgator”, a guy dressed up in an alligator suit who would try to walk in behind you (“tailgate”) when you badged in. At the weekly all-hands meeting, security would play the video of everyone who let in the Tailgator this week. A very low tech solution from a high tech company.
Cloudastructure centralizes the management of access control with video monitoring and allows customers to scale geographically to multiple locations. The Cloudastructure solution delivers the intelligence online while it puts the data safely offsite.
We index all the objects and faces in the video, just like Google indexed the web. This means you can search through all your videos by tag: person, animal, vehicle, etc. and even individual faces -- just like you can search the web. Instantly see all the video with the object you’re looking for in it. For example, here is all the video, by hour, with people in it: the higher the bar the more video of people:
The future is more intelligent. Because we manage the door system, we know who badged in where and when. This means that when you swipe your badge we see your face. From real cameras under actual lighting conditions. We are constantly training the system to know what badge holders look like, even as they change makeup, facial hair, glasses, etc. over days, months or years. We can match faces to badges more accurately than any guard.
Moreover, again because we manage both doors and cameras, we know when someone badged in, when the door opened, any more badge swipes, and when the door closed. If we see on camera someone following someone in through a door, without swiping a badge, we will detect that as a tailgating event. Better than a guy in an alligator suit.
How it works:
In order to perform these AI features, the information first needs to be in the Cloud. Cloudastructure is doing what Dropbox did for files and Salesforce did for CRM: moving the data to the cloud. As opposed to having data located at the site being secured, security data is stored online and can be accessed from anywhere, and is not at risk itself.
Every company used to have an IT closet full of servers. Those servers have been moving to the cloud, and making these new SaaS providers billions of dollars in the process. Every building of every company has two servers still left in that closet: access control and video surveillance. Cloudastructure is moving these last two to the cloud. Once the data is in the cloud, we can perform our AI functions.
Cloudastructure also offers a variety of artificial intelligence features not found in traditional systems.
We've gotten to $10,000 monthly recurring revenue. We not only have a low churn rate at less than 5%, but we’re also gaining many new customers thanks to referrals.
“With Cloudastructure we no longer have to run on-premises web servers. There are no holes in our firewall or port forwarding in our router. There is no reason why your physical security should weaken your digital security, but that’s exactly what our last system from a major manufacturer did”.
“Watching hours and hours of video to find the event we’re looking for is no longer a thing. We just search by tag and get the video we need right away. Video Surveillance is useful again!”
We found that we can compete with the incumbents by pricing by the door and camera per year. We make more recurring revenue than they do while still providing a lower TCO (Total Cost of Ownership) to our customers. However, we believe our higher level AI features will allow us to achieve security guard level pricing -- which is much higher than what we charge now. We intend to benefit from this price elasticity.
The Cloudastructure hardware utilizes state of the art technology, delivered at a very competitive price that beats the industry standards and comes with zero maintenance or replacement costs with a lifetime warranty. Cloudastructure solution centralizes the management of access control with video monitoring and allows customers to scale geographically to multiple locations.
We are using Access Control and Video Surveillance to perform many Manned Guarding duties better than humans can--nearly ⅓ of the $205B security market is addressable by us.
Other notable investors include Ralph Eschenbach and Eric Chen.
Rick Bentley - Founder, Chief Executive Officer
Rick Bentley has over 20 years of Silicon Valley startup and technology experience. He was founder and CEO of Televoke Inc. (became deCarta, bought by Uber) where he raised eight figures of Venture Capital from VC’s including Softbank and WI Harper. Mr. Bentley has been a full time Advisor to Google X. He was a direct report to Andy Grove for half a decade. Investors have brought him in for interim-CEO roles at early stage companies. He was a Senior Consultant at Bearing Point Inc., which included two assignments in Baghdad. At General Magic he managed the “Portico” program, derivatives of which served over a million subscribers. He was Director of Business Development for Machina, a design and engineering house that developed consumer electronics products, some of which sold over 10MM units. He was also Director of Product Development for Sensory Inc, which at one point had the largest installed base of speech recognition systems in the world. Mr. Bentley is the author of multiple patents and patent filings, many of which were bought by Samsung in 2014. He received his BA in Physics and MS in Engineering from UC Berkeley.
Gregory Rayzman - Technology Advisor
Seasoned technologist and well recognized name in Silicon Valley. His expertise in Big Data and database architecture is sought by several emerging and well established companies like Apple, where he provided pivotal leadership in designing and developing massively scalable and database backed infrastructures. Most recently, Mr. Rayzman had a great stint at TheFind shopping search engine with relevancy and popularity algorithm instead of the ordinary pay-for-placement. TheFind was acquired by Facebook in 2015. Prior to that, as Chief architect of a forward-looking company NebuAd, in 2007 he developed behavior targeting advertising systems based on the aggregate data, which everyone from Google and Yahoo to Facebook and Plaxo is looking into only now – for better targeted, more relevant advertising. He was previously a founding engineer and Chief architect for ITM Software, acquired by BMC. Mr. Rayzman also served as CTO for Claridyne Inc., an IT infrastructure and integration company. Mr. Rayzman was founding engineer and Director of Software Engineering for Annuncio Inc., acquired by PeopleSoft (now Oracle).
Craig Johnson - Vice President, Sales
Over 20 years of experience in a variety of Sales, Sales Management, Marketing, Operations, and General Management positions with his last assignment being COO of a digital signage startup. Prior to that he was a Honeywell General Manager, running a 100+ person organization with $27m in revenues, that consulted, sold, installed, and maintained HVAC systems, Fire Alarm, and Security systems in large, commercial buildings. Mr. Johnson also has extensive experience in the marketing and sales of electronic components to OEM and Distributor channels, both through direct salesforces and independent rep organizations. At the customer enterprise level, Mr. Johnson managed the sales and service teams for process automation platforms that monitor and control refineries, power generation plants, and manufacturing sites. He is Six Sigma certified and served as a Reserve Officer in the Armed Forces.
$7,000,000
The maximum valuation at which your investment converts
into equity shares or cash.
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20%
If a trigger event for Cloudastructure occurs, the discount provision
gives investors equity shares (or equal value in cash) at a reduced price.
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$100
The smallest investment amount
that Cloudastructure is
accepting.
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$1.07M
Cloudastructure must achieve its minimum goal of $25K before the deadline. The maximum amount the offering can raise is $1.07M.
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Crowd SAFE
A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event.
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AI in security is here to stay. It's been leveraged very well in cyber, and applying it to Enterprise Physical Security has tremendous promise. Paired with the ability to streamline operations with the cloud component, this is very interesting.
I invested because, I strongly believe that Cloudastructure can create a secured and safe workplace !
There is an enormous market opportunity for cloud-based video surveillance & access control. The founders of Cloudastructure know what it takes to run a successful startup. They will make Cloudastructure a tremendous success.
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