Mentioned:
There’s a new company on the Nasdaq. And they’re aiming to use technology to change the future of property security.
What’s happening:
- Cybersecurity company Cloudastructure (NASDAQ: CSAI) has successfully completed a direct listing and begun trading on the Nasdaq
The big idea:
- Cloudastructure has developed artificial intelligence powered cybersecurity technology that is capable of using video data for facial recognition and threat detection
- Cloudastructure’s cloud platform performs constant real time surveillance of physical locations and can also alert police dispatch when anomalies are detected at commercial buildings or residential multifamily properties
Why it matters:
- Cloudastructure has become one of the fastest growing technology companies using artificial intelligence and machine learning for deterring crime at properties, which has been largely fuelled by the ability of their software to quickly detect potentially dangerous or illegal behaviour
Going deeper:
- Multiple large publicly listed companies are already using Cloudastructure’s technology including Microsoft (NASDAQ: MSFT), Robinhood (NASDAQ: HOOD) and Oracle (NYSE: ORCL)
