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Video Security Platform Verkada Secures $15 Million in Funding

Video Security Platform Verkada Secures $15 Million in Funding
Credit: Verkada.com

Verkada, provider of next-generation video security systems for K–12 schools, colleges and universities, retailers, hospitality brands, and major corporations, raised $15 million in Series A financing led by Siemens’ venture fund, Next47, with participation from existing investors including First Round Capital, entrepreneur Hans Robertson, and Stanford professor and computer scientist Héctor García-Molina.

Verkada offers data security, device-friendly software, and automated SMS alerts when a camera detects an unusual event. Each camera is an all-in-one system that stores video locally and operates seamlessly with Verkada’s cloud-based software, eliminating the need for digital video recorders and on-premise servers. According to the company, Arizona’s Yuma County School District’s new 1,000-camera system is designed to provide the ability to share security camera live feeds via SMS text and email.

Verkada plans to use the additional capital to scale its manufacturing operations, grow its sales team, and expand product development.