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Verkada Hits $4.5 Billion Valuation Following General Catalyst-Led Fundraising
Verkada, a company that makes security systems, has raised $200 million in a new funding round led by General Catalyst. This investment has increased the company's value to $4.5 billion. Verkada creates video security cameras, environmental sensors, and alarms. The company is now adding artificial intelligence (AI) to its products to improve safety. With this funding, Verkada plans to expand its AI capabilities and cloud-based security platform. Since its last funding round in 2022, Verkada’s customer base has more than doubled, and over 91 Fortune 500 companies now use its products for security and safety solutions. What is Verkada? Verkada...
