AI-powered security firm Verkada hits $5.8 billion valuation in latest funding round

Summary

Cloud and AI-based physical security company Verkada said its latest investment round, led by Alphabet’s growth fund CapitalG, values the firm at $5.8 billion, up from $4.5 billion in its prior round. The San Mateo-based company, which offers AI-driven cameras, access control and environmental sensors on a unified platform, plans to use the funding to accelerate its AI capabilities and may provide liquidity for employees.