SAN MATEO, Calif. — Verkada, a provider of AI-powered physical security systems, today said that CapitalG will lead a new funding round at a $5.8 billion valuation. This marks a $1.3 billion increase since the company’s Series E was announced in February.
The company highlighted that the funding will back its ongoing research and development and broaden its presence in sectors like healthcare, education and corporate operations.
The cash infusion “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. “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 adds.
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,” the announcement says.
“Verkada is fundamentally reshaping the future of physical security,” says Derek Zanutto, general partner of CapitalG. “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 adds.
“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,” Zanutto says.
“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,” the announcement reports.
“The customers who have adopted Verkada’s system have deployed over 2 million devices in 171 countries, and their impact is growing quickly: Verkada safely processes 2 million visitor check-ins each month, secures 8 million door lock activations daily, and manages 3 intercom calls per second,” the announcement adds.
“Our work is just getting started,” says Kaliszan. “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.”
