Verkada scores CapitalG investment, valuation at $5.8B - AI push!

Verkada has secured a growth-stage investment that values the company at $5.8 billion, led by growth investor CapitalG. The round underscores strong demand for cloud-native physical security stacks that combine hardware and AI-driven analytics. Verkada said the funding will accelerate product development and enable some employee liquidity as it scales globally.

The company also revealed it recently crossed $1 billion in annualized bookings, a milestone that signals robust recurring revenue from subscriptions and device deployments. Filip Kaliszan, Verkada’s co-founder and CEO, described the capital as fuel for the firm’s roadmap of agentic features and platform integrations that automate security workflows for operators.

Verkada’s footprint is extensive: more than 30,000 organizations use its combined camera, access-control, intercom and sensor suite, with over 2 million devices online across 171 countries. The startup says recent product updates included more than 60 AI features designed to compress investigation time, surface operational insights and support unified operator workflows.

From a market perspective, the deal reflects a wider shift in enterprise security procurement. Buyers are moving from fragmented on-prem systems to subscription-based platforms that deliver analytics, remote management and operational data. Vendors that bundle hardware with cloud software often produce higher gross margins over time thanks to recurring ARR; achieving $1 billion in annualized bookings positions Verkada among the fastest-scaling vendors in this space.

For investors, the combination of strong bookings growth, a large installed device base and expanding AI capabilities creates a compelling growth thesis — but it comes with challenges. As physical security systems become more data-rich and networked, customers and regulators are increasingly focused on privacy, data residency and vendor transparency. Navigating those concerns while expanding into new regions and verticals will be a key execution task for Verkada and its backers, including CapitalG.