Verkada raises $200M in funding to continue delivering category-defining security solutions
- Editor
- Feb 19
- 1 min read
Whats Happening:
Verkada, a pioneer in cloud-based physical security technology, has secured $200 million in Series E funding. The round was led by General Catalyst, with significant investment from Eclipse and participation from new and existing investors. This latest funding values Verkada at $4.5 billion and brings its total funding to over $700 million since its founding in 2016.
Key Moves:
Verkada raises $200 million in Series E funding
The company is now valued at $4.5 billion
Funding will be used to enhance AI-powered security solutions
By The Numbers:
Customer base grew 111% since last fundraise in September 2022
Revenue up 95% in the same period
Over 1.5 million Verkada devices are online globally
Key Quotes:
"Today, more than 1.5 million Verkada devices are online protecting people and places across the globe," said Filip Kaliszan, Co-Founder and CEO of Verkada.
"Verkada's ability to integrate AI into real-world applications like video security, predictive maintenance, and environmental monitoring, has allowed their customers to interact with their security systems in intuitive, transformative ways," said Deep Nishar, Managing Director, General Catalyst.
Bottom Line:
Verkada's substantial funding round and increased valuation underscore the growing demand for advanced, AI-powered physical security solutions. The company's rapid growth in customer base and revenue highlights its strong market position. This investment will likely accelerate Verkada's product development and market expansion, potentially reshaping the physical security industry.
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