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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.
$4.5B valuation growth round for @VerkadaHQ, surpassing 30K customers, 91 in Fortune 500 and 4,700 of those spending more than $100K. Super proud to continue backing this rocket ship :) 🤩🚀🔥👇🏻 https://t.co/RzWEgKvrSF
Congrats to @VerkadaHQ on your $200M Series E! With 30,000+ customers—including schools, global retailers & NFL teams—Verkada is redefining physical security. Check out this piece by @agarfinks on Verkada’s journey: https://t.co/gbn5Nf6IpH
San Mateo, California-based @VerkadaHQ, a developer of security systems for the real world, locked up a $200M Series E led by @generalcatalyst that values the firm at $4.5B. The company is just the latest security startup to raise big this month. https://t.co/20hXypaFBj
