Verkada valued at $4.5 billion after General Catalyst-led fundraise

(Reuters) - Security systems maker Verkada said on Wednesday it has raised $200 million in its latest funding round led by venture capital firm General Catalyst, bringing its valuation to $4.5 billion.

Verkada, which makes video security cameras, environmental sensors and alarms, has recently taken steps to imbibe artificial intelligence into its safety and security products.

AI startups have significantly contributed to the recovery of U.S. venture capital funding from market lows, with the total capital raised in 2024 nearly 30% higher than a year earlier, according to Pitchbook data released in January.

Such firms have continued to drive venture capital funding in 2025, with companies such as enterprise automation platform Tines and healthcare startup Abridge having already secured financing from some of the big names in the industry.

The latest funding round will allow Verkada to enhance its AI capabilities and expand its cloud-based physical security platform, the company said.

At Verkada's previous funding round in 2022, which was led by venture capital giant Sequoia Capital and MSD Partners, an investment firm tied to Michael Dell, the company had raised $205 million at a valuation of $3.2 billion.

The company's customer base has more than doubled since its last fundraise and more than 91 Fortune 500 companies now use Verkada's products, it said.

"Verkada's ability to integrate AI into real-world applications like video security, predictive maintenance, and environmental monitoring, has allowed their customers to interact with their security systems in intuitive, transformative ways," said Deep Nishar, managing director at General Catalyst.

The latest round, where Eclipse Ventures also made a significant contribution along with other new and existing investors, brings Verkada's total amount raised in funding to $700 million.

(Reporting by Pritam Biswas in Bengaluru; Editing by Shreya Biswas)

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