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Verkada Stock (VERK)
IoT Platform
Verkada makes physical security systems for enterprise organizations. Verkada’s platform combines plug-and-play security cameras with cloud-based software. Over 4,200 organizations use Verkada to enhance physical security and gain new insights that aim to improve the efficiency of their operations. The company was founded in 2016 by Hans Robertson, the former COO and co-founder of Meraki. Verkada is headquartered in San Mateo, California.The company is backed by notable investors including Felicis Ventures, Meritech Capital Partners, and Sequoia Capital.
About Verkada Stock
Founded
2016
Headquarters
San Mateo, CA, US
Total Funding
389M
Industries
Software, Artificial Intelligence, Data and Analytics
Verkada makes physical security systems for enterprise organizations. Verkada’s platform combines plug-and-play security cameras with cloud-based software. Over 4,200 organizations use Verkada to enhance physical security and gain new insights that aim to improve the efficiency of their operations.
The company was founded in 2016 by Hans Robertson, the former COO and co-founder of Meraki. Verkada is headquartered in San Mateo, California.The company is backed by notable investors including Felicis Ventures, Meritech Capital Partners, and Sequoia Capital.
Verkada Press Mentions
Stay in the know about the latest news on Verkada
Verkada Partners with Simac to Create Smarter, Safer, and More Connected Businesses in the Benelux
prnewswire • Oct 07, 2025
Verkada Recognizes its 2025 Safety Champions at VerkadaOne
prnewswire • Sep 26, 2025
Mark Anderson joins Verkada's Board of Directors
prnewswire • Sep 17, 2025
US law enforcement dispenses ammo to facial recognition critics
biometricupdate • Aug 28, 2025
Verkada Achieves FedRAMP 'In Process' Designation
prnewswire • Aug 06, 2025
Investors in Verkada
Discover investors in Verkada stock and explore their portfolio companies
Verkada Management
Leadership team at Verkada
Co-Founder & Chief Executive Officer
Filip Kaliszan
Chief Technology Officer
Martin Hunt

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Verkada Key Facts
- Significant Funding and Valuation Growth: In February 2025, Verkada successfully raised a $200 million Series E funding round, led by General Catalyst, which brought its valuation to $4.5 billion. This substantial investment, which follows a $100 million round in late 2023, reflects strong investor confidence in the company's business model and its ability to continue leading the physical security market.
- Growing Market Share in the Education Sector: Verkada has announced a major milestone by partnering with schools and universities that collectively serve an estimated 20 million students globally. By focusing on the education sector with an integrated platform of cameras, access control, and environmental sensors, the company is demonstrating its ability to meet the unique safety and operational needs of a high-growth market segment, thereby solidifying its brand reputation and market share.
- Strategic Expansion and Product Development: The company has been actively expanding its market reach and product capabilities. Recent initiatives include achieving FedRAMP "In Process" designation, a key step for securing U.S. government contracts, and the launch of new products such as the dual-head camera and enhanced alerting capabilities. These strategic moves, along with a focus on building out its channel partnerships and leadership team in key regions like the Asia-Pacific, indicate a robust growth strategy and a commitment to continuous innovation.
- FTC Settlement and Financial Penalty: In a settlement announced in August 2024, Verkada agreed to pay a $2.95 million civil penalty to the Federal Trade Commission (FTC) to resolve allegations related to its email marketing practices.While the fine was not for the security breach itself, the settlement stemmed from a complaint that also cited the company's failure to implement adequate security measures, which led to a hacker accessing customer cameras and sensitive data in 2021. This legal action and financial penalty highlight a persistent regulatory risk and potential for brand damage.
- Increasing Competition: Increasing market competition from well-established physical and digital security vendors continues to pressure Verkada to innovate. Although Verkada recently raised $200 million to boost AI integration in security products, enabling features like video security, environmental sensors, and alarms, competitors investing in similar AI-driven technologies may erode its market share among enterprise and government clients.
- Growing Market Scrutiny of Cloud Security Practices: The market for cloud-based physical security is highly competitive, and the incidents involving Verkada have raised broader industry scrutiny of data security practices. The FTC's action against Verkada serves as a warning to the entire sector about the importance of robust security measures, especially for companies that are themselves in the security industry. This increased focus on cybersecurity, data privacy, and ethical marketing puts pressure on Verkada to not only fix its past issues but also to prove that its current practices are superior to those of its competitors.
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