Verkada, a San Mateo, Calif.-based provider of cloud enterprise video security solutions, secured $80M in Series C financing at a $1.6B valuation.
Backers included existing investors Next47, Sequoia Capital, Meritech Capital and new investor Felicis Ventures.
The company will use the capital to accelerate its growth in three key areas: expanding its product suite, accelerating global expansion, and growing its engineering team.
Launched commercially two years ago by Filip Kaliszan, CEO, Verkada is a provider of cloud-based enterprise video security solutions which combine on-site hardware with an all-in-one hosted software platform to give customers a real-time view into every part of their organization. The company serves over 2,500 organizations, including twenty-five global Fortune 500 companies. In the past year, Verkada tripled revenue, opened its first international office in London, grew headcount to 300, with plans to reach 800 by the end of 2020, expanded its global channel partner program to over 1,100 resellers and launched nine new camera models and several key features like People & Vehicle Analytics.