Canadian-based LCM Solutions and Cloudastructure, Inc. have signed a global collaboration agreement expanding cloud video surveillance and IoT cybersecurity to LCM’s network. The partnership agreement is Cloudastructure’s first foray into the Canadian & U.K. Markets.
With a focus on identifying, defining, and integrating strategic technology and risk management solutions for their clients, LCM Solutions’ recognition of Cloudastructure’s cutting-edge, cloud-based security platform paves the way for the startup to assist LCM & its portfolio partners with their efforts to standardize security surveillance, prevent losses and improve core operating efficiencies.
LCM Solutions Partner Scott McFie commented, “At LCM, we are committed to trust, transparency, and the accurate articulation of risk delivering improved risks and profitability for our partners. Cloudastructure’s technology fits with our mission, aligning innovative risk resource technology partners. We are excited to support Cloudastructure to achieve market growth across multiple segments via our global network and reach within the insurance ecosystem.”
The announcement comes on the heels of Cloudastructure sweeping the Homeland Security-based ASTOR Awards last week for their cloud-based Artificial Intelligence and Machine Learning (AI/ML) platform, including Best Video Management Solution, Best Cloud Computing, Best Analytics, and Best Video Surveillance.
The engineering of Cloudastructure’s advanced software platform enables companies to simplify the identification of security and safety conditions, quickly notify clients of impending risks imposed by breaches, as well as the capacity to take action in real-time. The goal is to significantly reduce clients’ incidence and inherent risks, high damage costs yielding operational effectiveness and decreasing indemnity burdens, and reducing property loss premiums and on-site security costs.
Cloudastructure CRO Lauren OBrien commented, “We are excited and proud to partner with LCM. Their reputation precedes them. We aim to bring incalculable value to their customers, saving them time and money by reducing losses and thereby lowering insurance premiums.