Startups
Security Camera Startup Verkada in Talks for $4.5 Billion Valuation
- Company is raising $200 million in funding from investors
- Security firms newly relevent after UnitedHealthcare shooting
Verkada Inc. security cameras outside the company's headquarters in San Mateo, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Security camera company Verkada Inc. is raising $200 million at a valuation of $4.5 billion, a significant premium over its last funding round, according to people familiar with the matter.
Venture capital firm General Catalyst is leading the financing for the San Mateo, California-based company, said the people, who asked not to be identified discussing private information. The new valuation is a billion-dollar jump over its previous $3.5 billion value, and the financing brings the company’s total funding raised to more than $650 million to date, according to PitchBook data.