Overview
- CapitalG, Alphabet’s growth fund, led the new investment that set Verkada’s $5.8 billion valuation.
- The valuation is up $1.3 billion from the company’s Series E round in February.
- Verkada did not disclose the deal size, though CNBC reported $100 million citing a person familiar with the terms.
- The company reports surpassing $1 billion in annualized bookings and serving roughly 30,000 customers.
- In September, Verkada rolled out more than 60 AI features, including a tool that merges footage from multiple cameras into a single timeline.