- General
- April 28, 2019
- 4 minutes read
Verkada Raises $40 Million At $540 Million Valuation
(Left-Right) Verkada founders Filip Kaliszan, James Ren, Benjamin Bercovitz and Hans Robertson image: Verkada Verkada — an enterprise video security…
 |
| (Left-Right) Verkada founders Filip Kaliszan, James Ren, Benjamin Bercovitz and Hans Robertson
image: Verkada
|
Verkada — an enterprise video security startup that counts the co-founder of Meraki (acquired by Cisco for $1.2 billion in 2012), Hans Robertson among its founding team — has raised $40 million in Series B funding co-led by Sequoia and Meritech at a $540 million valuation. Existing investors First Round Capital and Next47 also participated in the round. Verkada previously raised $15 million in Series A funding April last year.
The company says it has now has more than 1,000 clients, including more than a dozen Fortune 500 companies. In simple terms, Verkada sells an end-to-end video security system that enables users monitor cameras on a centralized platform. The company’s custom cameras offer up to 120 days of built-in storage and can also send footage to the cloud for back-up.
 |
| Verkada’s end-to-end video security system
image: Verkada
|
Verkada differentiates from competition with smart features like object detection and the ability to trigger alerts in the event of set unusual activities. Its security system’s cloud-based management system integrates with several single sign-on (SSO) providers, ensuring monitoring from a single console without the need to install local software and servers.
San Mateo, California headquartered Verkada was launched in 2016 by CourseRank founders Filip Kaliszan, Benjamin Bercowitz and James Ren as well as Hans Robertson. CourseRank, a web platform that helped college students choose classes, was notably acquired by textbook rental service Chegg in 2010.
