SAN MATEO, Calif. — Artificial intelligence-powered physical security technology provider Verkada announces CapitalG is leading an investment at a $5.8 billion valuation, an increase of $1.3 billion since the announcement of its Series E investment round in February.
The investment “will accelerate Verkada’s AI capabilities and may also enable liquidity for employees and comes as the company surpasses $1 billion in annualized bookings,” according to the company announcement.
“AI is fundamentally transforming how organizations protect people and places, and we’re leading that transformation,” says Filip Kaliszan, co-founder and CEO of Verkada, in the announcement. “Today, more than 2 million Verkada devices are online across 171 countries actively turning data into actionable intelligence that makes security and operations faster, smarter and more efficient.
“As we continue building this platform for the long term, we want to give the brilliant team driving this AI-powered transformation the chance to realize some of the value they’ve created and earned today,” he says.
The $1 billion milestone “reflects the massive market opportunity Verkada is capturing in enterprise physical security, but also underscores something much bigger: the trust, feedback and partnership of the company’s more than 30,000 customers across the world,” according to the company announcement.
Why is CapitalG Investing in Verkada?
“Verkada is fundamentally reshaping the future of physical security,” says Derek Zanutto, general partner of CapitalG, in the joint announcement. “By infusing AI-driven intelligence into an industry long constrained by legacy, fragmented systems, Verkada has transformed security from a static cost center into a dynamic source of operational insights and efficiency.
“Few companies become as mission-critical as Verkada has for its customers — from Fortune 500 enterprises to schools and hospitals — embedding themselves into the daily fabric of how organizations protect people and infrastructure,” he says.
“Filip and his team have built a category-defining platform with unmistakable product-market fit and we’re proud to back them as they scale their global footprint and extend their lead in this rapidly expanding market,” says Zanutto.
In September, Verkada introduced more than 60 new AI features and platform updates “that signal the next chapter of disruption and innovation for the business: powering the entire workflow of security operators with agentic tools like AI-Powered Unified Timeline and Operator View,” according to the company announcement.
“The customers who have joined Verkada on this journey have deployed over 2 million devices across 171 countries, with impact that is scaling rapidly: Verkada safely checks in 2 million visitors each month, powers 8 million door locks daily, and facilitates 3 intercom calls per second,” the announcement says.
“Our work is just getting started,” says Kaliszan in the announcement. “We’re grateful to our team, our customers, and our investors for believing in this mission – and we’re excited for the next chapter of growth.”
