Verkada’s valuation skyrockets to $5.8 billion with a new investment led by CapitalG, highlighting the company’s leadership in AI-powered physical security.

Verkada, a frontrunner in AI-driven physical security solutions, has announced a significant investment led by CapitalG, pushing its valuation to an impressive $5.8 billion – a substantial $1.3 billion increase since its Series E announcement in February.

This latest investment is earmarked to fuel Verkada’s advancements in artificial intelligence and potentially provide liquidity for its employees. The announcement arrives as the company celebrates surpassing $1 billion in annualized bookings, underscoring its rapid growth and market dominance.

AI-Powered Security: A New Era

More than 30,000 organizations currently rely on Verkada’s innovative AI platform to bolster their security measures and streamline operational efficiency.

“AI is revolutionizing how organizations safeguard their people and assets, and we are at the forefront of this transformation,” stated Filip Kaliszan, Co-Founder and CEO of Verkada. “With over 2 million Verkada devices deployed across 171 countries, we are actively converting data into actionable intelligence, enhancing security and making operations faster, smarter, and more efficient. As we continue to develop this platform for the long term, we want to reward the exceptional team driving this AI revolution by allowing them to realize some of the value they’ve created.”

A Testament to Customer Trust

The achievement of $1 billion in annualized bookings not only reflects Verkada’s significant market capture within the enterprise physical security sector but also highlights the trust and collaborative partnerships the company has cultivated with its extensive customer base of over 30,000 organizations worldwide.

Derek Zanutto, General Partner at CapitalG, emphasized Verkada’s transformative impact: “Verkada is fundamentally reshaping the future of physical security by integrating AI-driven intelligence into an industry that has long been hampered by outdated, fragmented systems. They’ve transformed security from a static cost center into a dynamic source of operational insights and efficiency. Verkada has become mission-critical for its customers, embedding itself into the daily operations of organizations, from Fortune 500 enterprises to schools and hospitals, as they protect their people and infrastructure. Filip and his team have built a category-defining platform, and we’re proud to support them as they expand their global footprint and solidify their leadership in this rapidly growing market.”

Expanding AI Capabilities

In September, Verkada unveiled over 60 new AI features and platform updates, signaling a new chapter of disruption and innovation. These updates aim to empower security operators with advanced tools such as the AI-Powered Unified Timeline and Operator View, enhancing the entire security workflow.

Global Impact

Verkada’s solutions have been deployed by customers across 171 countries, with over 2 million devices in operation. The impact of this technology is rapidly scaling, with Verkada systems facilitating 2 million visitor check-ins each month, managing 8 million door locks daily, and handling 3 intercom calls per second.

“Our journey has just begun,” Kaliszan added. “We are grateful to our team, our customers, and our investors for believing in our mission, and we are excited about the next phase of growth.”