Filip Kaliszan, CEO of Verkada, announced the company has achieved a valuation of $5.8 billion following a $100 million funding round led by CapitalG, Alphabet’s venture capital arm. This investment will enhance Verkada’s artificial intelligence capabilities in the physical security sector. The company’s innovative products, including cameras and sensors, are supported by a cloud-based platform and have surpassed $1 billion in annualized bookings from 30,000 global customers. Recently, Verkada introduced over 60 AI features to streamline security operations, such as the “AI-Powered Unified Timeline” tool that synthesizes multiple video feeds for easier investigation. CapitalG’s Derek Zanutto highlighted the untapped potential of the $60 billion physical security market. Kaliszan emphasized AI’s role in augmenting human security efforts, suggesting it can significantly enhance situational awareness for security responders, potentially preventing major incidents. As Verkada continues to innovate, it aims to fill the gap in a market dominated by outdated hardware.
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