Cloudastructure signs retail REIT deal for California shopping centers
Cloudastructure Inc. (NASDAQ: CSAI) announced it has entered into a Master Services Agreement with a national retail real estate investment trust to deploy AI-powered video surveillance across three California shopping centers.
The initial deployment covers properties in Santa Ana, Santa Fe Springs, and Escondido. The agreement establishes a framework that could support expansion to as many as 36 shopping centers across the West Coast.
Under the agreement, Cloudastructure will provide cloud-managed AI video surveillance and remote guarding services across all three locations, with centralized oversight through its web-based operations portal. The Master Services Agreement creates standardized commercial and technical terms to enable additional properties to be added without renegotiating contracts for each location.
The three California centers span retail corridors in Orange County, Los Angeles County, and San Diego County. This represents Cloudastructure's first large-scale deployment in the open-air retail sector.
"What makes this agreement significant is not simply the initial deployment, but the establishment of a scalable framework for broader portfolio adoption," said Chief Revenue Officer Lauren O'Brien in a statement.
The Palo Alto-based company provides AI-powered video surveillance, remote monitoring, and cloud-based security analytics. The agreement allows the retail REIT to modernize security infrastructure across geographically distributed properties using a single platform rather than site-by-site surveillance systems.
Cloudastructure stated it expects to provide updates as additional locations are evaluated and added under the agreement. The company's platform utilizes cloud-based architecture with proprietary AI analytics and remote guarding capabilities.
