Security technology startup Verkada has reached a valuation of $5.8 billion following a new $100 million funding round led by CapitalG, Alphabet’s growth investment arm. The financing boosts the company’s valuation by $1.3 billion from its Series E round earlier this year and comes amid surging demand for AI-powered physical security solutions. A source familiar with the deal confirmed the funding amount.
Verkada, which has now surpassed $1 billion in annualized bookings, provides a unified cloud-based platform that integrates physical security products such as cameras, sensors, access control systems, and alarms. Its system is used across 30,000 customers globally, spanning sectors like retail, education, government, and transportation.
CEO Filip Kaliszan said CapitalG’s investment underscores the growing opportunity for applying advanced AI to the physical security landscape. The company recently introduced more than 60 new AI-driven features, including real-time analytics and tools such as the “AI-Powered Unified Timeline,” designed to improve incident detection, monitoring, and response.
The fresh capital will be used to reinforce Verkada’s artificial intelligence capabilities and provide additional liquidity as it scales. The company’s technology is increasingly being adopted for high-value infrastructure protection, including by TeraWatt Infrastructure, which uses Verkada systems to secure electric vehicle charging facilities for clients like Google’s Waymo.
CapitalG’s investment in Verkada follows its recent participation in Armis’ $435 million cybersecurity fundraise, signalling continued momentum in supporting companies shaping the future of enterprise security.
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