San Mateo Video Security Startup Joins the Unicorn Club with $80M Funding

Rapidly growing security video startup Verkada Inc.’s valuation jumped by more than $1 billion in an $80 million Series C funding it disclosed on Wednesday. The San Mateo company is now valued at about $1.6 billion and has aggressive plans to increase its business and work force this year.

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AI 50: America’s Most Promising Artificial Intelligence Companies

Verkada has only been selling its products for two years, but it has already boomed to a $540 million valuation and more than 1,200 customers. A lineup of cloud-connected security cameras equipped with AI-driven features like object and movement detection has driven growth at Verkada.

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LinkedIn Top Startups 2019: The 50 hottest U.S. companies to work for now

Verkada, which sells enterprise security systems that include cameras and an intelligent, cloud-based software platform, increased its employee headcount from 35 to 175 globally this past year, a jaw-dropping 400% expansion. Learn more about the San Mateo startup.

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Next Billion-Dollar Startups 2019

While many startups have tackled the “smart home” with varying degrees of success, Verkada has exploded in shy of two years on the market by offering big businesses, municipalities and schools a cloud-based system that combines hardware and software to detect movement and easily store and share surveillance streams.

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Verkada Raises $40M in Series B at $540M Valuation to Modernize Enterprise Video Security

Verkada, an emerging leader in the enterprise video security space, today announced the close of a $40 million Series B round co-led by Meritech and Sequoia, at a $540 million post-money valuation. Existing investors Next47 and First Round Capital also participated.

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