Physical security has become a boardroom priority, and Verkada is emerging as one of the biggest beneficiaries of that shift. The San Mateo–based AI-powered physical security technology company has secured fresh investment led by CapitalG. This round lifts its valuation to $5.8 billion, up from $1.3 billion since its Series E funding was announced in February.
A business built for a world that takes safety seriously
Recent high-profile incidents, including the fatal attack on UnitedHealth executive Brian Thompson, have prompted organisations to rethink physical safety on a fundamental level. Enterprises, schools and hospitals now prioritise integrated systems that protect staff, facilities and visitors in real time.
Verkada sits squarely in that need. Founded in 2016 by Filip Kaliszan, James Ren, and Benjamin Bercovitz, who were joined by Hans Robertson, co-founder and former COO of Meraki.
The company has created an end-to-end security stack that combines surveillance cameras, building access, sensors, alarms, intercoms and workplace tools into one dashboard. For security teams, this eliminates silos and replaces legacy systems with a unified command centre that can be monitored and managed remotely.
Today, more than 30,000 organisations across 171 countries rely on Verkada. They collectively operate over 2 million deployed devices, check in 2 million visitors per month, power 8 million daily door locks, and drive three intercom calls every second.
Innovation after controversy
Verkada’s journey hasn’t been without controversy. In 2021, hackers briefly accessed live and archived footage from customer cameras by obtaining admin credentials. The incident became global news and raised serious concerns about digital oversight in physical security systems.
Company leaders now describe the event as a turning point. According to Chief Revenue Officer Mike Schulman, confronting the breach forced Verkada to become more resilient, more transparent and significantly more mature. The organisation doubled down on secure architecture and product reliability, a stance that appears to have reinforced customer trust rather than damaged it.
The next chapter: Redefines security operations
Beyond hardware, Verkada’s entire product philosophy is shifting toward smarter, faster decision-making for operators. In September, it rolled out more than 60 new platform features, offering tools that can analyse incidents across time, automate response workflows and surface critical security events instantly.
The latest investment will push this momentum further while also offering potential liquidity opportunities for employees. And for the market, it shows corporate security is no longer a box to check, it’s now a strategic investment.
With strong investor confidence, expanding global adoption and a product roadmap that continues to widen, Verkada has positioned itself as one of the defining companies in modern physical security.
“AI is fundamentally transforming how organisations protect people and places, and we’re leading that transformation,” said Filip Kaliszan, Co-Founder and CEO of Verkada. “Today, more than 2 million Verkada devices are online across 171 countries actively turning data into actionable intelligence that makes security and operations faster, smarter, and more efficient. As we continue building this platform for the long term, we want to give the brilliant team driving this AI-powered transformation the chance to realise some of the value they’ve created and earned today.”
“Verkada is fundamentally reshaping the future of physical security,” said Derek Zanutto, general partner, CapitalG. “By infusing AI-driven intelligence into an industry long constrained by legacy, fragmented systems, Verkada has transformed security from a static cost center into a dynamic source of operational insights and efficiency. Few companies become as mission-critical as Verkada has for its customers, from Fortune 500 enterprises to schools and hospitals, embedding themselves into the daily fabric of how organisations protect people and infrastructure. Filip and his team have built a category-defining platform with unmistakable product-market fit, and we’re proud to back them as they scale their global footprint and extend their lead in this rapidly expanding market.”
