Security systems maker Verkada said on Wednesday it has raised $200 million in its latest funding round led by venture capital firm General Catalyst, bringing its valuation to $4.5 billion.
Pioneer in cloud-based physical security technology, Verkada, today announced a $200 million Series E funding round. The round was led by General Catalyst, with significant investment from Eclipse and additional participation from new and existing investors. Since its founding in 2016, Verkada has raised more than $700 million in funding, and the latest round values the company at $4.5 billion.
In 2017, Filip Kaliszan pulled an all-nighter at the Beverly Hills Equinox. A luxury gym isn’t the obvious place to work through the night, but for Kaliszan, it was a serious opportunity. Just 15 months earlier, Kaliszan had cofounded physical security tech startup Verkada, and now Equinox, the prominent fitness chain, was giving him and his startup a shot. Equinox had agreed to install some of Verkada’s still-very-new cameras in one of its most high-profile locations. At the time, Kaliszan was still personally doing installations with early employee Raj Misra. So, when Equinox called, the two flew to Los Angeles from San Francisco, cloud-enabled cameras in hand. Kaliszan, a two-time entrepreneur and photography enthusiast, showed me photos he took that (long) night.
Verkada, a leader in cloud-based physical security, today announced a wide range of updates to its Command platform that will make it even easier for its customers around the world to keep their people and places safe.
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