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Verkada

Verkada

Verkada is a software company offering a cloud-based internet of things (IoT) platform for security camera systems.

Verkada is a software company offering a cloud-based internet of things (IoT) platform for security camera systems. The company is headquartered in San Mateo, California and was founded in 2016 by Benjamin Bercovitz, Filip Kaliszan, Hans Robertson, and James Ren. Verkada has offices in London and Sydney. The company's enterprise security solution combines security cameras, environmental sensors, alarms and access control with cloud-based software in one system.

The Silicon Valley startup provides enterprise customers with a combined software and hardware solution, including the cameras it commercializes and installs, alongside the software that streams live feeds through the cloud which can be monitored and shared. Some of Verkada's competitors include MOBOTIX, Nortek, Digital Ally, Tyco International and Honeywell.

In January 2020, the company's valuation jumped by about $1 billion when it disclosed an $80 million Series C funding round to give it a valuation of $1.6 billion. Apart from that funding round, the company has raised about $138.9 million to date. Some of its largest Venture Capital investors are Sequoia Capital, Felicis Ventures and Meritech Capital Partners.

Products and Services

The company offers a Command Platform that connects all Verkada devices to Command, their web-based platform for managing devices at scale. Verkada also offers security cameras classified into four categories. The Dome Series, The Bullet Series, The Mini Series and The Fisheye Series.Industries for use include healthcare, banking, education, retail, manufacturing, municipalities, restaurants, and business.

For Healthcare

Verkada provides hospitals and healthcare organizations with Video security, access control and environmental sensors, alongside security features like role-based access, archive permissions and face blurring to keep patient information protected.

For Banks

With Verkada's mobile application, financial institutions can find, save and share footage via SMS or link from different devices in emergency situations and investigations with first responders.

For Schools

Verkada offers streamlined campus security for school safety improvement. Some customers of the company include Arlington Public Schools, Yuma School District One and St. James Parish Schools. Verkada's school safety features include:

  • Live Link Sharing (SMS)
  • Person of Interest Alerts
  • Instant Door Lockdown
  • Vape & Smoke Detection
  • Crowd Notifications
  • Camera Tampering Alerts
For Retail

To supposedly improve retail safety and reduce shrinkage, Verkada streamlines their video security, and sensors to provide the following Retail Security Features:

  • Live Link Sharing (SMS)
  • Person of Interest Alerts
  • After Hour Alerts
  • People Heatmaps
  • Custom Door Schedules
  • Temperature Monitoring
For Manufacturing

Verkada offers features like heatmaps and people counting, that assess traffic within the factory floor and identify ways to enhance safety and employee efficiency. Users can receive alerts for activity that may indicate unusual behavior to facilitate swift sharing of live footage and archived events with first responders.

For Municipalities

To enhance public safety, Verkada offers Integrated Security with After Hour Alerts, Face Blurring, Unlimited Video Archiving, and Privacy Screens across towns and cities and some of them include the City of Aspen, City of Parkersburg and Oklahoma.

For Restaurants

Verkada offers Integrated Security for Restaurant and Food Safety. The platform streamlines visibility and centralizes security across restaurant locations to improve employee, customer and food safety. Teams can search based on motion, clothing color and faces during incident investigations. Some customers include California Pizza Kitchen, Red Lobster, Miller's Ale House and Lazy Dog.

For Business

To strengthen workplace safety, Verkada provides surveillance technology and a complete camera system for the protection of employees and assets. The cloud-based surveillance solution is combined with built-in storage for surveillance management. Some customers include Siemens, Follett, and Equinox.

Timeline

January 29, 2020
Verkada raises $80 million in Series C at a $1.6 billion post-money valuation led by Felicis Ventures.
January 29, 2020
Verkada raises a $80,000,000 series C round from Felicis Ventures, Meritech Capital Partners, Next47 and Sequoia Capital.
April 2019
Verkada raises a $40,000,000 series B round from First Round Capital, Meritech Capital Partners, Next47 and Sequoia Capital.
April 11, 2018
Verkada raises a $15,000,000 series A round from First Round Capital, Hector Garcia-Molina and Next47.
September 2017
Verkada raises a $3,900,000 seed round from First Round Capital.

Funding Rounds

Patents

Further Resources

Title
Author
Link
Type
Date

Verkada raises $80M at $1.6B to be every building's security OS

Josh Constine

Web

January 29, 2020

News

Title
Author
Date
Publisher
Description
James Vincent
March 19, 2021
The Verge
The US government has charged 21-year-old Swiss Hacker Till (Tillie) Kottmann with hacking dozens of entities and posting data online from more than 100 major companies. Kottmann, who recently breached surveillance firm Verkada, was involved with git.rip, which hosted data from Nintendo, Nissan, Intel, Disney, AMD, and others.
The Associated Press
March 15, 2021
CTVNews
Swiss authorities on Monday confirmed a police raid at the home of a Swiss hacker who took credit for helping to break into a U.S. security-camera company's online networks, part of what the hacker cited as an effort to raise awareness about the dangers of mass surveillance.
Lily Hay Newman
March 13, 2021
Wired
Plus: A Molson-Coors hack, Github controversy, and more of the week's top security news.
Sean Hollister
March 13, 2021
The Verge
Tillie Kottmann, a 21-year-old hacker, has been raided by Swiss authorities and their devices seized, Bloomberg reports -- days after helping to reveal how Silicon Valley security startup Verkada's own security was so poor that that hackers were able to access over 150,000 of the company's cameras to see the insides of schools, jails, hospitals, police stations, and Tesla factories.
Brian Horowitz
March 10, 2021
FierceHealthcare
Hospitals have suffered waves of cyberattacks as hackers break into IT systems looking for valuable patient data. Now, hospitals have to consider another alarming threat--security cameras. A reported security camera breach raises red flags about the vulnerabilities of connected devices that are increasingly used in healthcare. A report from Tenable found third-party attacks accounted for more than a quarter of healthcare breaches over the last year.
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References

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