Verkada, a San Mateo, CA-based provider of next-generation video security systems for businesses and schools, raised $15m in Series A financing.
The round was led by Siemens’ venture fund, Next47, with participation from existing investors, including First Round Capital, entrepreneur Hans Robertson, and Stanford professor and computer scientist, Héctor García-Molina.
The company intends to use the funds to scale its manufacturing operations, continue to grow its sales team, and expand the development of enterprise applications of computer vision and machine learning.
Led by CEO and co-founder Filip Kaliszan, Verkada provides an enterprise platform that combines plug-and-play security cameras with intelligent, cloud-based software — all in a user-friendly system.
The solution, used by K-12 schools, colleges and universities, retailers, hospitality brands and major corporations, features data security, user-friendly software that works on any device, and automated SMS alerts that get sent when a camera detects an unusual event.
Each camera is an all-in-one system that stores video locally and operates with Verkada’s cloud-based software, eliminating the need for equipment such as digital video recorders and on-premise servers.