Cloudastructure.

Cloudastructure.

Facial Recognition, AI, Machine Learning for Cloud-based Video Surveillance.

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Security Type
Equity
Categories
Other
Min Investment
$20
Offering Date
December 10, 2019
Expected Close Date
March 09, 2020
Target Raise
$80.00K-$689.47K
Deal Notes

Security: Common Stock

20% discount

25K+ pro rata right threshold

Company Description

Video Surveillance in the Cloud. Once the video is in the Cloud with us, we can run it all video through our Computer Vision and Machine Learning systems to see what's really happening.

Key Deal Facts

CEO previously founded a company acquired by Uber in 2015. CTO previously a CTO at another company acquired by Facebook in 2015.
Over $2.1M raised from strategic investors.
$10,000 monthly recurring revenue.
Enterprise SaaS model, charging per year per camera. As we add more AI, we start to do the guard's job and can charge more.
We already upload 100,000's of videos per day. We are finishing the Upward accelerator this year and are targeting large accounts.
Lead Investor: invested $0

Use of Proceeds

If $80,000 is raised:

10% campaign marketing expenses 26% estimated accountant / audit fees 15.5% sales and marketing 20% research and development 22% future wages 6.5% Wefunder intermediary fee

If $689,474 is raised:

10% campaign marketing expenses 4% estimated accountant / audit fees 34.5% sales and marketing 25% research and development 20% future wages 6.5% Wefunder intermediary fee

Management Team / Advisory Board Bios

Rick Bentley
Founder & CEO
Founded Televoke Inc, eventually bought by Uber. Raised eight figures of Venture Capital from VC’s including Softbank and WI Harper. Full-time Advisor to Google X. Direct report to Andy Grove (father of OKRs) for 5 years.

Gregory Rayzman
CTO
CTO TheFind, acquired by Facebook in 2015. Founding engineer and Chief architect for ITM Software, acquired by BMC. Founding engineer and Director of Software Engineering for Annuncio Inc., acquired by PeopleSoft (now Oracle).

Craig Johnson
VP Business Development
Former Honeywell General Manager, running a 100+ person organization with $27m in revenues, that consulted, sold, installed, and maintained Security systems, Fire Alarm, and HVAC systems, in large, commercial buildings.

Deal Notes

Security: Common Stock

20% discount

25K+ pro rata right threshold

Amount Raised : $300,912
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Security Description

Equity is a stock or any other security representing a direct ownership interest.

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