COMPANY INFO
Verkada Inc. is an American security technology company founded in 2016 by Filip Kaliszan, James Ren, Benjamin Bercovitz, and Hans Robertson. The company, headquartered in San Mateo, California, has approximately 1,700 employees and operates in the physical security industry, providing cloud-based security solutions including video cameras, access control, and environmental sensors through a software-first approach to help organizations operate safer, smarter buildings. Their website is www.verkada.com.
Verkada Inc. is an American security technology company founded in 2016 by Filip Kaliszan, James Ren, Benjamin Bercovitz, and Hans Robertson. Headquartered in San Mateo, California, Verkada Inc. operates in the physical security industry, offering cloud-based security solutions such as video cameras, access control, and environmental sensors. With an estimated 1,700 employees, Verkada Inc. focuses on a software-first approach to help organizations operate safer and smarter buildings.
Verkada Inc. funding has propelled the company’s rapid growth and development of innovative security technologies. Since its inception, Verkada Inc. has raised approximately $700 million over 10 funding rounds. The most notable milestone was the Series E round in December 2024, which secured $200 million. Over the years, Verkada Inc. investors have included leading venture capital firms, and the company’s funding rounds have supported market expansion, product development, and technological innovation. Verkada Inc. funding strategy has positioned it as a leading player in the security technology market, with a valuation of about $3.2 billion as of its most recent major funding round.
This round will accelerate growth and drive further innovation in Verkada Inc.’s cloud-based security solutions, supporting the company's expansion and R&D initiatives.
The funding was earmarked to further product development and expand Verkada Inc.’s market reach, enabling the company to introduce new features and gain greater market traction.
Closed at a $3.2 billion valuation, this round aimed to enhance existing offerings, develop new product lines, and continue geographic expansion.
The capital from this round was used to support rapid growth and allow Verkada Inc. to expand into new markets.
This funding round focused on enhancing product features and increasing market penetration.
Proceeds from this round were used to scale operations and expand Verkada Inc.’s product line.
Seed capital funded initial product development and helped the company establish a market presence.
This early seed funding supported critical development work for Verkada Inc.
Initial capital used to fund Verkada Inc.’s launch and foundational activities.
Debt financing provided early operational resources for the company.
General Catalyst is a prominent venture capital firm and led Verkada Inc.’s Series E round, providing significant capital and strategic guidance as the company scales and innovates.
Eclipse Ventures participated as a lead investor in Series E, helping Verkada Inc. accelerate innovation in the cloud-based security sector.
Alkeon Capital led the Series D round in October 2023, playing a crucial role in providing capital for product development and expansion.
Lightspeed Venture Partners co-led the Series D round, contributing both capital and expertise in scaling technology businesses.
Linse Capital was a lead investor in the September 2022 Series D round, supporting Verkada Inc.’s geographic and product line expansion.
Sequoia Capital participated in several rounds, including as a key investor in Series B, C, and D, contributing to Verkada Inc.’s long-term strategic financial backing.
Next47 joined as a lead investor in early rounds, notably Series A, and has continued supporting Verkada Inc.’s growth through multiple funding cycles.
Felicis Ventures led the Series C round and participated in other rounds, playing a vital role in scaling Verkada Inc.’s rapid growth.
Meritech Capital Partners led the Series B round and participated in later rounds, aiding in product enhancement and market expansion.
First Round Capital was instrumental in Verkada Inc.’s seed and early-stage fundraising, helping the company establish its initial market position.
BDT & MSD Partners joined as a key investor in the Series D rounds, contributing additional financial backing and industry insight.
Founder Collective participated in early seed rounds, helping Verkada Inc. through its initial phases of innovation and launch.
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