Feb 19, 04:30 PM

Verkada Raises $200 Million Series E Led by General Catalyst, Valued at $4.5 Billion with 30,000 Customers and 91 Fortune 500 Clients

Verkada, a San Mateo, California-based developer of security systems, has successfully raised $200 million in a Series E funding round, bringing its valuation to $4.5 billion. The funding round was led by General Catalyst and marks a significant increase from the company's previous valuation of $3.2 billion in September 2022. Verkada specializes in smart cameras, alarms, and sensors for enterprises, and has expanded its customer base to over 30,000, including clients such as Equinox, schools, global retailers, and NFL teams. Notably, 91 of its customers are part of the Fortune 500, with 4,700 spending more than $100,000 annually. This funding round is part of a broader trend of security startups securing substantial investments this month.

#Verkada #San Mateo #California #General Catalyst #Equinox #NFL #Fortune 500

Written with ChatGPT (GPT-4o mini).

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