New updates have been reported about Verkada (PC:VERKA)
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Verkada, a leader in AI-driven physical security solutions, has reached a significant milestone by surpassing $1 billion in annualized bookings. This achievement coincides with a new investment led by CapitalG, valuing the company at $5.8 billion, an increase of $1.3 billion since its Series E round earlier this year. The fresh capital injection is set to enhance Verkada’s AI capabilities and potentially provide liquidity options for its employees. Verkada’s CEO, Filip Kaliszan, emphasized the transformative impact of AI on enterprise security, highlighting the company’s role in turning data into actionable insights for over 30,000 customers worldwide.
The investment underscores the trust and partnership Verkada has built with its clients, which include Fortune 500 companies, educational institutions, and healthcare facilities. CapitalG’s general partner, Derek Zanutto, praised Verkada for redefining the physical security landscape by integrating AI into traditionally fragmented systems, thus transforming security from a cost center into a source of operational efficiency. In a recent move, Verkada introduced over 60 new AI features, marking a new phase of innovation aimed at enhancing the workflow of security operators. With more than 2 million devices deployed across 171 countries, Verkada continues to expand its global footprint, facilitating millions of security operations daily. Kaliszan expressed gratitude towards the company’s team, customers, and investors, signaling a promising outlook for Verkada’s continued growth and market leadership in AI-powered security solutions.