Cloudastructure (2023)

About this raise

Cloudastructure, with a valuation of $152 million, is raising funds independently through Reg A+ crowdfunding. It is an early-stage cloud video surveillance company that uses computer vision for surveillance. The platform detects if people are or aren’t wearing masks, how far apart they are, and if they are feverish. Cloudastructure is giving businesses the power to reopen safely. Rick Bentley founded Cloudastructure in 2003. The current crowdfunding campaign has a maximum target of $66,375,323. The campaign proceeds will be used for sales and marketing, engineering, hardware development, research and development, product development, and general and administrative expenses.

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Investment Overview

Invested this round: $359,094

Deal Terms

Total Commitments

Platform
Dalmore Group
Start Date
05/19/2022
Close Date
05/19/2023
Min. Goal
$250
Max Goal
$66,375,323
Min. Investment

$250

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$2.00

Pre-Money Valuation

$152,801,502

Company & Team

Company

Year Founded
2003
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
High
Capital Intensity
High
Location
San Mateo, California
Business Type
High Growth
Company Website
Visit Website

Team

Employees
26
Prior Founder Exits?
Yes
Founder Name
Richard Bentley
Title
Founder

Financials

 Revenue -19.5% YoY
$62,000
 Monthly Burn
$776,833
 Runway
17.6 months

Balance Sheet

Cash and Cash Equivalents

$13,647,000

Accounts and Notes Receivable

$454,000

Property, Plant and Equipment (PP&E)

$356,000

Total Assets

$14,710,000

Accounts Payable & Accrued Liabilities

$688,000

Long Term Debt

$50,000

Total Liabilities

$2,299,000

Total Stockholders' Equity

$12,411,000

Total Liabilities and Equity

$14,710,000

Statement of Comprehensive Income Information

Total Revenues

$421,000

Costs & Expenses Applicable to Rev

$8,933,000

Depreciation and Amortization

$34,000

Net Income

$-9,322,000

Earnings Per Share - Basic

$-0.17

Earnings Per Share - Diluted

$-0.17

Auditor: IndigoSpire CPA Group, LLC
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Company Funding & Growth

Funding history

Total Prior Capital Raised
$49,500,000
VC Backed?
No
Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Cloudastructure 05/19/2023 Dalmore Group $152,801,502 $359,094 Equity - Common Funded RegA+
Cloudastructure 02/22/2022 Dalmore Group $30,000,000 $30,900,000 Equity - Common Funded RegA+
Cloudastructure 05/13/2020 Wefunder $10,000,000 $331,590 SAFE Funded RegCF
Cloudastructure 07/15/2019 Republic $7,000,000 $382,730 SAFE Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Cloudastructure on Self Managed 2022
Platform: Dalmore Group
Security Type: Equity - Common
Valuation: $152,801,502
Price per Share: $2.00

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Warning: according to the close date for this deal, Cloudastructure may no longer be accepting investments.

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