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- Verkada
Verkada Valuation, Funding & Investors
Verkada is valued at $5.8B as of December 2025.
Last Verkada valuation
$5.8B
Undisclosed stage · Dec 2025
Last Verkada funding round
Strategic investment
Amount undisclosed · Jun 2026
Cumulative funding Verkada raised
$664M
across 9 funding rounds
Key investors in Verkada
First Round Capital
N47
Friends & Family Capital
Sequoia Capital
Meritech Capital Partners
Felicis
About Verkada
Verkada is a San Mateo-headquartered developer of cloud-managed physical security systems. The platform unifies video cameras, access control, environmental sensors, alarms, and intercoms in a single dashboard. Verkada serves enterprises in retail, education, and healthcare with AI features for object detection and analytics. Founded in 2016, it powers over 20,000 organizations worldwide including universities and Fortune 500 companies.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$5.8B (Dec 2025)
Verkada Valuation
Verkada is currently valued at $5.8B, based on its undisclosed-stage round in December 2025.
The $20M round was led by CapitalG, with participation from Irving Investors.
Verkada's valuation has grown 11x from $540M at its Series B in April 2019 to $5.8B in December 2025, across 5 priced rounds.
Verkada valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Dec 2025 | Undisclosed stage | $5.8B |
| Feb 2025 | Series E | $4.5B |
| Sep 2022 | Series D | $3.2B |
| Jan 2020 | Series C | $1.6B |
| Apr 2019 | Series B | $540M |
Verkada Funding History
Verkada has raised a total of $664M across 9 funding rounds.
Verkada's first fundraising round was a $4M seed round in September 2017. The most recent completed round was a strategic investment round in June 2026.
Verkada funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2026 | Strategic investment | NVIDIA (lead) | - | - | - |
| Dec 2025 | Undisclosed stage | CapitalG (lead); Irving Investors | $20M | $5.8B | Verkada, a San Mateo-based leader in AI-powered physical security technology, provides an end-to-end platform including cameras, access control, sensors, alarms, and workplace tools, serving over 30,000 customers across 171 countries with more than 2 million devices deployed. The company announced on December 3, 2025, that CapitalG, Alphabet's independent growth fund, led an investment valuing Verkada at $5.8 billion, a $1.3 billion increase from its Series E valuation of $4.5 billion announced in February 2025. This funding comes as Verkada surpasses $1 billion in annualized bookings, highlighting strong traction in transforming enterprise physical security from legacy fragmented systems into AI-driven operational intelligence. Recent launches include over 60 new platform features, such as AI-powered Unified Timeline tools, positioning Verkada to capture a massive market opportunity estimated at $60 billion. CEO Filip Kaliszan emphasized AI's role in turning security data into actionable insights for faster, smarter operations across Fortune 500 enterprises, schools, hospitals, and more. CapitalG's investment underscores Verkada's product-market fit and mission-critical status for customers, with General Partner Derek Zanutto praising its shift of security from a cost center to a source of efficiency. The company continues to innovate in areas like reduced cabling via gateways for easier installations and air quality monitoring sensors detecting allergens, mold, dust, and environmental parameters. |
| Feb 2025 | Series E | General Catalyst (lead); Eclipse Ventures; Anchor Capital GP | $200M | $4.5B | Verkada is an AI-powered physical security platform that provides cloud-managed video security cameras, access control, environmental sensors, alarms, workplace tools, and intercoms to enterprises globally. The company's integrated platform connects hardware and software to deliver proactive security and operational insights across organizations of all sizes. In February 2025, Verkada announced a $200 million Series E funding round led by General Catalyst with significant investment from Eclipse Ventures and participation from new and existing investors. The round valued the company at $4.5 billion, reflecting strong market momentum. Since its founding in 2016, Verkada had raised more than $700 million in total funding by the time of the Series E. Between September 2022 (Series D) and February 2025, Verkada's customer base grew 111%, with more than 90 Fortune 500 companies trusting the platform and over 70% of large customers leveraging two or more Verkada products. During the same period, the company's revenue grew 95%. By December 2025, just ten months after the Series E round, Verkada's valuation had increased to $5.8 billion following a $100 million investment from CapitalG (Alphabet's growth fund), reflecting the company's rapid scaling and the strong market demand for AI-powered physical security solutions. |
| Oct 2023 | Series D | Alkeon Capital (lead); Lightspeed Venture Partners | $100M | - | Verkada is an enterprise physical security company offering a cloud-based platform that integrates video surveillance, access control, sensors, intercoms, and alarms into a single subscription-based system, serving over 20,000 customers globally as of October 2023. The company emphasizes a software-first approach to provide real-time insights and proactive security, positioning itself against legacy fragmented systems from competitors like Axis, Hanwha, and Avigilon. In October 2023, approximately 13 months after its initial Series D announcement, Verkada secured an additional $100 million extension to its Series D round, led by Alkeon Capital with participation from Lightspeed Venture Partners and others, bringing the total Series D funding to $305 million. This followed the initial $205 million Series D in September 2022, led by Linse Capital with Sequoia Capital, First Round Capital, Felicis Ventures, and Next47, which valued Verkada at $3.2 billion. The extension funding aimed to support expansion plans, product development, new features, and growth of its global team amid increasing demand from sectors like retail and education. By February 2024, total financing reached $444.3 million across rounds. Verkada operates in the growing enterprise physical security market, with video surveillance projected from $42.9 billion in 2019 to $144.9 billion by 2027 (14.6% CAGR) and access control from $10.3 billion to $20 billion (8.7% CAGR). Its proprietary ecosystem creates strong vendor lock-in through unified hardware and software. Later developments include a Series E in 2024 and a December 2025 investment led by CapitalG valuing Verkada at $5.8 billion with over $1 billion in annualized bookings and 2 million devices deployed across 171 countries. |
| Sep 2022 | Series D | Linse Capital (lead); Friends & Family Capital; N47; First Round Capital; Felicis; MSD Partners; Sequoia Capital; Section Partners; Quiet Capital; Meritech Capital Partners | $205M | $3.2B | - |
| Jan 2020 | Series C | Felicis (lead); Friends & Family Capital; N47; Fifth Down Capital; Sequoia Capital; Nick Candito; Meritech Capital Partners | $80M | $1.6B | Verkada is a cloud-based enterprise video security provider offering cameras, access control, and related hardware with cloud software for monitoring and management. Founded in 2016, it positions itself as an operating system for physical security in buildings, expanding into IoT infrastructure. On January 29, 2020, Verkada raised $80 million in a Series C funding round led by Felicis Ventures, with participation from existing investors Sequoia Capital, Meritech Capital, Next47, and others including Fifth Down Capital, Friends & Family Capital, N47, and Nick Candito, achieving a $1.6 billion post-money valuation, up over $1 billion from its prior round. The funds were allocated to expand the product suite including new access control products (with beta customers managing 1.7 million events), accelerate global expansion (e.g., London office), and grow the engineering team from 300 to 800 employees by end of 2020. At the time, Verkada served over 2,500 organizations including 25 Fortune 500 companies, had tripled revenue in the past year (with half from existing customers), partnered with 1,100 resellers, launched nine new camera models and analytics features, and expanded its channel program. This round brought total funding to $139 million. The market opportunity is highlighted by comparisons to giants like Honeywell ($110B+ valuation). Subsequent rounds show growth: $205M Series D in 2022 at $3.2B valuation with nearly doubled revenue YoY post-2020; later Series E at $4.5B in 2025 and Series F at $5.8B with over $1B annualized bookings. |
| Apr 2019 | Series B | Meritech Capital Partners (lead); Sequoia Capital (lead); Friends & Family Capital; N47; First Round Capital; Silver Lake Waterman | $40M | $540M | Verkada is a provider of enterprise video security solutions offering cloud-first, software-driven security systems. The company combines integrated hardware cameras with cloud-based management software that enables organizations to access and monitor surveillance footage in real time from a central console, eliminating the need for on-premise servers and traditional legacy infrastructure. The platform includes advanced features such as object detection, proactive alerting for unusual activities, and tamper detection, while encrypting data at rest, in transit, and in the cloud. On April 25, 2019, Verkada announced a Series B funding round of $40 million co-led by Meritech Capital and Sequoia Capital, with participation from existing investors Next47 and First Round Capital. The round valued the company at a $540 million post-money valuation. At the time of the announcement, Verkada had acquired more than 1,000 clients within the past year, with over a dozen Fortune 500 companies spanning schools, businesses, retail, hospitality, banking, and healthcare sectors. Verkada's market traction demonstrated strong enterprise adoption and expansion. The company's cloud-based platform addressed a significant gap in the enterprise security market by modernizing systems that had traditionally relied on fragmented, on-premise solutions. The integration of multiple security systems into a single intuitive software platform positioned Verkada as a leader in the physical security and enterprise IoT space during a period of rapid digital transformation in building management and security infrastructure. |
| Apr 2018 | Series A | N47 (lead); Hans Robertson; Friends & Family Capital; First Round Capital; Hector Garcia-Molina | $15M | - | - |
| Sep 2017 | Seed | First Round Capital (lead); Idan Koren; Founder Collective; Hector Garcia-Molina | $4M | - | Verkada raised $3.9 million in a 2017 seed round from First Round Capital, Hans Robertson, and Héctor García-Molina. The company develops cloud-based video security systems for businesses, including on-site cameras with real-time access, analytics, and tamper detection tools. This seed funding supported early development of its software-first security solutions. Subsequent rounds included a $15 million Series A in 2018 led by Siemens Next47 with participation from the same seed investors, a $40 million Series B in April 2019 co-led by Meritech Capital and Sequoia Capital at $540 million valuation, and a $80 million Series C valuing the company at $1.6 billion. Verkada has continued scaling with later rounds reaching over $700 million in total funding and recent valuations up to $5.8 billion. |
Who has invested in Verkada?
25 investors have backed Verkada across its funding rounds, including First Round Capital, N47, Friends & Family Capital, Sequoia Capital, Meritech Capital Partners and Felicis.
Lead investors include NVIDIA, CapitalG, General Catalyst, Alkeon Capital, Linse Capital and 5 other investors.
Verkada Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Participant | Apr 2018 | ||
| 4 | Lead | Apr 2018 | ||
| 4 | Lead | Sep 2017 | ||
| 3 | Lead | Apr 2019 | ||
| 3 | Lead | Apr 2019 | ||
| 2 | Lead | Jan 2020 | ||
| 2 | Participant | Sep 2017 | ||
| 1 | Lead | Jun 2026 | ||
| 1 | Lead | Feb 2025 | ||
| 1 | Participant | Feb 2025 | ||
| 1 | Participant | Apr 2018 | ||
| 1 | Lead | Sep 2022 | ||
| 1 | Participant | Jan 2020 | ||
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Start Free TrialVerkada Competitors
Verkada competitors include listed companies like EquipmentShare.com, ThunderSoft, Infleqtion and Alarm.com, and private ones like Claroty and Abnormal AI.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $4.4B | $704M | $4.6B | 1.8x | ||
| Publicly listed | $1.2B | $151M | $3.8B | 2.6x | ||
| Publicly listed | $29M | ($52M) | $3.1B | 64.5x | ||
| Private | $200M | - | $3B | 15.0x | ||
| Publicly listed | $1B | $184M | $2.7B | 2.6x | ||
| Private | $200M | - | $5.1B | 25.5x |
Verkada Public Comps
Verkada is still privately-owned, but its public comps include Orbbec, Glory View Technology, Impinj, Varonis Systems, Qualys, CommVault Systems, Trend Micro, Crystal-OpTech, HYC Technology Co. and Camtek.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $140M | $23M | 38.8x | 29.3x | 237.6x | 157.8x | |||
| $176M | $53M | 38.7x | 39.4x | 127.8x | 129.4x | |||
| $361M | $7M | 15.6x | 14.8x | 778.3x | 70.9x | |||
| $624M | ($147M) | 8.5x | 7.5x | (36.0x) | 229.5x | |||
| $669M | $236M | 8.7x | 8.1x | 24.5x | 17.6x | |||
| $1.2B | $84M | 5.2x | 5.0x | 72.9x | 23.2x | |||
| $1.8B | $488M | 2.2x | 2.1x | 8.0x | 8.1x | |||
| $1B | $273M | 4.8x | 4.2x | 18.2x | 16.3x | |||
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Common questions about Verkada
| When was Verkada founded? | Verkada was founded in 2016. |
| Where is Verkada headquartered? | Verkada is headquartered in San Francisco, CA, United States. |
| Is Verkada publicly listed? | No, Verkada is a private, VC-backed company. |
| What is Verkada's valuation? | Verkada was last valued at $5.8B in its undisclosed-stage round in December 2025. |
| How much funding has Verkada raised? | Verkada has raised $664M across 9 funding rounds. |
| What was Verkada's last funding round? | Verkada's last funding round was a strategic investment round in June 2026, led by NVIDIA. |
| Who are Verkada's investors? | Verkada's investors include Friends & Family Capital, N47, First Round Capital, Sequoia Capital, Meritech Capital Partners, Felicis, Hector Garcia-Molina, NVIDIA, General Catalyst, Eclipse Ventures and 15 others. |
| Which companies are comparable to Verkada? | Companies comparable to Verkada include EquipmentShare.com, ThunderSoft, Infleqtion, Claroty, Alarm.com and Abnormal AI. |
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