<p><strong><span class="legendSpanClass">SAN MATEO </span></strong>&#8212; <u>Verkada</u>, a provider of cloud-based physical security technology has announced a <span class="xn-money">$200 million</span> Series E funding round led by <u><a href="https://c212.net/c/link/?t=0&;l=en&;o=4365593-1&;h=2155239949&;u=https%3A%2F%2Fwww.generalcatalyst.com%2F&;a=General+Catalyst" target="_blank" rel="nofollow noopener">General Catalyst</a></u>, with significant investment from <u><a href="https://c212.net/c/link/?t=0&;l=en&;o=4365593-1&;h=640596715&;u=https%3A%2F%2Feclipse.vc%2F&;a=Eclipse" target="_blank" rel="nofollow noopener">Eclipse</a> </u>and additional participation from new and existing investors. Since its founding in 2016, Verkada has raised more than <span class="xn-money">$700 million</span> in funding, and the latest round values the company at <span class="xn-money">$4.5 billion</span>.</p>
<p>Designed with simplicity in mind, Verkada&#8217;s six product lines — <u><a href="https://c212.net/c/link/?t=0&;l=en&;o=4365593-1&;h=3017297053&;u=https%3A%2F%2Fwww.verkada.com%2Fsecurity-cameras%2F&;a=video+security+cameras" target="_blank" rel="nofollow noopener">video security cameras</a></u>, <u><a href="https://c212.net/c/link/?t=0&;l=en&;o=4365593-1&;h=1885322565&;u=https%3A%2F%2Fwww.verkada.com%2Faccess-control%2F&;a=door-based+access+control" target="_blank" rel="nofollow noopener">door-based access control</a></u>, <u><a href="https://c212.net/c/link/?t=0&;l=en&;o=4365593-1&;h=1958159752&;u=https%3A%2F%2Fwww.verkada.com%2Fair-quality%2F&;a=environmental+sensors" target="_blank" rel="nofollow noopener">environmental sensors</a></u>, <u><a href="https://c212.net/c/link/?t=0&;l=en&;o=4365593-1&;h=3909276612&;u=https%3A%2F%2Fwww.verkada.com%2Falarms%2F&;a=alarms" target="_blank" rel="nofollow noopener">alarms</a></u>, <u><a href="https://c212.net/c/link/?t=0&;l=en&;o=4365593-1&;h=1549929036&;u=https%3A%2F%2Fwww.verkada.com%2Fworkplace%2F&;a=workplace" target="_blank" rel="nofollow noopener">workplace</a></u>, and <u><a href="https://c212.net/c/link/?t=0&;l=en&;o=4365593-1&;h=2089424956&;u=https%3A%2F%2Fwww.verkada.com%2Fintercom%2F&;a=intercoms" target="_blank" rel="nofollow noopener">intercoms</a></u> — provide unparalleled visibility through a natively integrated cloud-based software platform.</p>
<p>Machine learning and applied computer vision have been core to Verkada&#8217;s offering from the beginning, and it recently expanded AI-powered capabilities with category-defining <u><a href="https://c212.net/c/link/?t=0&;l=en&;o=4365593-1&;h=943045985&;u=https%3A%2F%2Fwww.verkada.com%2Fblog%2Fai-powered-search%2F&;a=natural+language+search" target="_blank" rel="nofollow noopener">natural language search</a></u> and <u><a href="https://c212.net/c/link/?t=0&;l=en&;o=4365593-1&;h=3991889948&;u=https%3A%2F%2Fwww.verkada.com%2Fblog%2Fintroducing-ai-powered-alerts%2F&;a=alerting" target="_blank" rel="nofollow noopener">alerting</a></u> features. These visual intelligence offerings not only make investigations more intuitive and efficient than ever before, but they also enable Verkada&#8217;s customers to address industry-specific operational concerns – from <u><a href="https://c212.net/c/link/?t=0&;l=en&;o=4365593-1&;h=3807257518&;u=https%3A%2F%2Fwww.verkada.com%2Fsolutions%2Fmanufacturing%2F&;a=manufacturers" target="_blank" rel="nofollow noopener">manufacturers</a></u> managing workplace safety and compliance to <u><a href="https://c212.net/c/link/?t=0&;l=en&;o=4365593-1&;h=4086001911&;u=https%3A%2F%2Fwww.verkada.com%2Fsolutions%2Fretail%2F&;a=retailers" target="_blank" rel="nofollow noopener">retailers</a></u> combatting fraudulent returns. The company will leverage this new capital to further infuse AI into its security and safety solutions, and more broadly enhance and expand its cloud-based physical security platform.</p>
<p>Verkada has incredible momentum in the market, with its customer base growing 111% since its last fundraise in <span class="xn-chron">September 2022</span>. Today, more than 91 companies in the Fortune 500 trust Verkada as their physical security layer, and more than 70% of Verkada&#8217;s large customers leverage two or more of its products. This strong customer demand has driven Verkada&#8217;s revenue up 95% in the same time period.</p>
<p>&#8220;Today, more than 1.5 million Verkada devices are online protecting people and places across the globe, and we have an incredible opportunity ahead as we continue to rapidly increase our market share and deliver category-defining solutions to our more than 30,000 customers,&#8221; said Filip Kaliszan, Co-Founder and CEO of Verkada. &#8220;This latest commitment of capital reinforces the critical transformation that Verkada is driving in the market as applied AI fundamentally changes the ways that organizations keep people safe and drive business efficiency.&#8221;</p>
<p>&#8220;Verkada&#8217;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,&#8221; said Deep Nishar, Managing Director, General Catalyst. &#8220;The business potential is enormous—whether it&#8217;s protecting schools, hospitals, retailers, or manufacturing facilities, Verkada&#8217;s combination of cloud-native software and integrated hardware we believe positions the company well to scale and reshape how we think about safety and security on a global scale.&#8221;</p>

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