Verkada, a San Mateo, CA-based market leader in cloud-managed enterprise building security and management, announced a $205 million Series D funding round with new and existing venture partners.
The round was led by Linse Capital, with participation from MSD Partners, L.P., and existing investors, including Felicis Ventures, Next47, Sequoia Capital, Meritech Capital, and First Round Capital in the round.
Since its inception in 2016, Verkada has raised over 360 million dollars in funding, with the most recent round valuing the business at $3.2 billion.
Verkada plans to use the funds to further its mission of creating the operating system for the physical world by expanding its existing offerings, developing new product lines, hiring across all functions, and expanding geographically.
"We founded Verkada in 2016 with the vision to modernize the world of physical security—one of the last industries to experience a migration from on-premise solutions to cloud-based software. We started with security cameras and an intuitive cloud-based platform, and in just six years, we've expanded to include five additional product lines that help enterprises to protect and manage their people and assets," said Filip Kaliszan, Co-Founder and CEO of Verkada. "This latest commitment of capital is further validation from investors that we are well positioned to capture the opportunity that lies ahead."
Company: Verkada Inc.
Raised: $205.0M
Round: Series D
Funding Month: September 2022
Lead Investors: Linse Capital
Additional Investors: MSD Partners, L.P., Felicis Ventures, Next47, Sequoia Capital, Meritech Capital, and First Round Capital
Company Website: https://www.verkada.com/
Software Category: Building Security and Management
About the Company: Founded in 2016 by Filip Kaliszan, Hans Robertson, James Ren, and Benjamin Bercovitz, Verkada is the leader in cloud-managed enterprise building security. Designed with simplicity in mind, Verkada's six product lines—video security cameras, door-based access control, environmental sensors, alarms, visitor management, and mailroom—provide unparalleled visibility through a single secure cloud-based software platform. Over 13,000 organizations worldwide trust Verkada as their physical security layer for easier management, intelligent control, and scalable deployments to protect their people and assets while prioritizing privacy. Verkada is headquartered in San Mateo, CA, with offices in Salt Lake City, Tampa, Phoenix, Austin, London, Sydney, and Taiwan.
Source: https://www.prnewswire.com/news-releases/verkada-raises-205m-to-build-the-operating-system-for-the-physical-world-301624198.html