Rare Video Surveillance Fundraising - Verkada $15 Million

Author: Sean Patton, Published on Apr 19, 2018

Fundraising in video surveillance (and the broader physical security market) has been poor recently. Highlights are few and far in between including Knightscope raising $20 million from mom n' pop investors and Dahua's car manufacturer raising $63 million.

But now one US video surveillance startup, Verkada, has raised a (sizeable for this industry) $15 million Series A investment, led by Siemens' venture fund, Next47.

IPVM spoke with Verkada about:

  • Current State of the Company
  • Plans for The New Funding
  • Disrupting Traditional Security Markets
  • 3rd Party Camera Support
  • Competitive Challenges

*********** ** ***** ************ (*** *** ******* ******** ******** ******) has **** **** ********. ********** *** *** *** *** ** between ******************** ******* $** ******* **** *** *' *** *****************'* *** ************ ******* $** *******.

*** *** *** ** ***** ************ *******,*******, ********* * (******** *** **** ********) $** ******* ****** * investment, *** ** *******' ******* ****,******.

**** ***** **** ******* *****:

  • ******* ***** ** *** *******
  • ***** *** *** *** *******
  • ********** *********** ******** *******
  • *** ***** ****** *******
  • *********** **********

[***************]

Verkada ********

*** ********** **** *******: *******, ******* ****** ***** *******, ******* **********. ***** ******** ** ** ***-**-*** ********, **** ******* *** requirement ** ***** *** ******* **** *****-** *******, **** ** 3rd ***** ******* *** ** **-**** *********.

Verkada ** ****

***** ******** *** ****** ******* **** **** **** ****** *** customers. **** *** ********** ** ***** ** ********* ** ********** system ******, ********* ******* **** ********* ****** ** **** *** cameras ** * ****** ****, ****** **** ****** ****** ******** in ******* ************ ** * *** *** **** ****.

Increasing *********** *** ***** *****

******* **** **** ********* **** **-** ********* *** *** ******** to ****** **** ** *** *** ** **** **** ********** both *********** *** *****. **********'* **** ********.

Verkada ******* *******

**** ***** ***** ******-**** *****, **** ********* ** ********** ***** current ********* ** *** ********** ***** *********, ***** ********** ********* their ***** *** ******* **** **** *** **** ********** ** over *** **** *-* *****.

No ***** *** *** ***** *******

******* **** ***** ******* ***** ** *********** * **** ***** of ******* ******** *** ********** ** ****** ********** ******* ***** own *******. ***** *** ******* *** *** **** *** *** party ******* ** **** ***** ** *** ******, ** ** not **** ** ***** ***** / ******** ***.

Incompatibility **** **** ********* ****

*** ******* ********* ** *** *** *******, *** ***** ***** team ************, ** ****** ** *** ******** **** *** ******* requires ****** ********* ******** ******* ** **** ***** ******* ** new ******* *********. *** ***** ************ ****** ** ***** ****** with **** ** ******** ** ******* ********* ****** *********** ***** enterprise ********.

Lack ** ****** *******

*********** *** **** ** *** ***** ******* ** *** **** of **** ******* ******* ******** (**** * ****** - **** **** ****** *** ******* *****). *** ***** *** **** ********* ***** ******* ** *****-******* or **** ** **** ********* ******, ***** *** ** *******. Also, **** ********** ****** ** ***.

Verkada *********** *********

******* **** ***** *********** ********* **** ** ***** ** ***-**-*** solution, **** ** **** ** ****** ** **** ********* ** storage *****, ***., **** ** ** *** **** ******* ****** the ****** ** **** ** ******** ********, ****** *** "******* 95" **** ******** **** ******* **** ** ******* ** ***** surveillance.

Competing ******* **********

***** ***** *************** **** *** **** ********* **** ** ******* and ***** **** ** ****** *******, ** ***** ****** **** to **** ******** ******* **** *** ******** ** **. ****** there *** **** *** ***** **** ***** ********** *** **** is ****** ** *** ***** ***** ***********. *******, ******* ***** us ***** ******** ** **********.

Competing ******* ******

*******'* ***** ************ ******** ** ***** ******* ************* ** ******'*, though ******, ***** ** *****, *** ******* ******** *** ******* advantages *** ******** ****. ******* *** ********* ** ******* *** advantages **** *** ****** ******, ********** *********** ********** ******* **** for * ****.

Competing ******* ***** ***

*** ***** *** *****, ***** **** ***** *****, ** ************* the ******** ** *******. ***** *** ** ***** ** **** with *** ***** ******* ***** ********* * *** ** ****. Eagle *** ******** **** * **** ****** ******* *** ****** control *********** *** *****. *******, ******* *** ** *********** ** try ** ***** ** **** ***** *** *******.

Benefits ** $** *******

** *** ******** ****, **** **** $** *******, ***** ***** them * *** ***** **** ********* ** ******* ** ***** some ** *** ******** **** **** *****. ** * *******, surely **** **** ******* *** ******. *** ****, ** ******, is * *** *************.

Benefits ** **** ** *** ********

******* ******* *** ******* ** **** ***** *** *** *** entrants ** *** ********, **** **** ********** ******** *&* ******** or ********** ** ****** ** ***** ************. ** ********, **** integrators **** ** ************* ********** ** ******** **** ****-***** ********* with * *********** ***** *********** ** **********. ** **** ***, like ***** ***, *******, **** **** *** ***********, ***** ** attractive ** ******* / ***********.

Good *** *** ********

*******, **** ******* ** **** *** *** ********. ******* ** not ******* *** ****** ** * ********** ********** ** *** market, **** **** ** ******* ********* ******* *** ****** *** the *********** ** * *** ********** ** ******* ** *** industry.

Response ** ***/*** *********

******* ********* ** ********* ********* ************* ** ***** *******:

******* **** ******* ******* ***** ****** ************* (***) ******** ** Taiwan ** * ***** ********** *** ***********, *************, *** ****** logistics *******. ** ** *** "***" *** *** ***** *******, and ** ******* *** ****** *** ************* ** *** ** our ********. **** ****** ** ******** *********** ******* ***** **** to ****** ***** ***** ********* *** ********* **** * ****** and ****** *******. *** ** *** ******** (********* *** **********, firmware, ***** & ****** *****) ** ******* ** *** **** team ** *** **.

Comments (10)

Undisclosed Manufacturer #1

04/19/18 05:41pm

**** ******** *** ******* **** *.*** *** ***** **********.

John Honovich

IPVM | In reply to Undisclosed Manufacturer #1 | 04/19/18 08:24pm

******** ** ** *********** ******* ******* ** *** *** * Verkada ********, *** ***** *** **** ** * **** ** your *****. **********, ******** *** *** ******* *** ***** ** cameras *** ***** ** *** ** *** ********, ******* *** a ******* ******* **** ****.

*** ******* **** **** ** ******* ** (*) * ****** ago, ***** **** **** *** ******** ** ******* (****** ********** IP **** **** ******) *** (*) *** ********* ** ****** from ** ** ** *** ****** *** **** ********** **** moving **** **-**** ** ***** *******.

Undisclosed Distributor #2

04/19/18 06:05pm

** ***** **** **** **** *** ** *** ** *******.

Undisclosed #4

In reply to Undisclosed Distributor #2 | 04/19/18 07:50pm

**** ** **** **** ******* **** **** ****** *** *************. I **** *** ********* *** ********* ** *** ******* ******, but ** ** **** ******** **** *** ******* ****** ** very ********* **** *** ** *******'* ******** *********. ** ** fair, ** ** **** ******** **** *** ******* ****** ** an *** *** ***** ******* **** **** **** ****** ********. It ** ********** ** **** *** *** ** *** ***** simply **** *** ******* ** ** ****** *******.

Avatar

Sean Patton

IPVM | In reply to Undisclosed #4 | 04/19/18 08:06pm

* ******* *** ** ******* *** *******, *** **** ****** as * *** **.

Avatar

Sean Patton

IPVM | In reply to Undisclosed Distributor #2 | 04/20/18 12:55am

* ******* *** **** **** * ******** **** ******* ********* OEMing *******, ***** ***:

******* **** ******* ******* ***** ****** ************* (***) ******** ** Taiwan ** * ***** ********** *** ***********, *************, *** ****** logistics *******. ** ** *** "***" *** *** ***** *******, and ** ******* *** ****** *** ************* ** *** ** our ********. **** ****** ** ******** *********** ******* ***** **** to ****** ***** ***** ********* *** ********* **** * ****** and ****** *******. *** ** *** ******** (********* *** **********, firmware, ***** & ****** *****) ** ******* ** *** **** team ** *** **.

Undisclosed Integrator #3

04/19/18 07:00pm

*******'* **** ***** ******* ***** ** *********** * **** ***** of ******* ********

** ** ********* ** ***** ******?

******* **** ***** *********** ********* **** ** ***** ** ***-**-*** solution

... **** ******....

****** *** "******* **" **** ******** **** ******* **** ** typical ** ***** ************

**, ** *** ******* ****************!

*'* *** ******** ** ***. *** ***'* *** ** *****, I **** **** ****.

Undisclosed Manufacturer #5

04/20/18 05:58am

***'* **** ****** **** ******* **** ******** ****** ***** **************** **, **'* ********* *** **** ***** *'** ***** **** them ** ***** ***** ** **/ ****** ****?

(*** ** *** ***** ***'* ** *** ********** ***** *** same ***** ** * ****** ******).

Avatar

Sean Patton

IPVM | In reply to Undisclosed Manufacturer #5 | 04/20/18 12:50pm

** ********* ***** ** ** * **** ******* ******** ** market, ***** ** *** *** ********** *********** *** ** *** co-founders**** ************* **-*******... ******.

Avatar

Matt Connolly

04/20/18 11:09pm

**********: * ** *** ********* ** *****, ***.

***** *** **** ******** ** ***-**-*** ***** ***** ******** ***** 2008 *** *** ********* ** ********** *********. ***** ****** * cameras, ************ ** *** **************, **** *** *********** ********, ** Hikvison. ** ***/***, ******* ** ******** **** **** ******** ***** we ******** *** *******. ***** ****** ** ***** ******* *** up ** *** **** ***** ******* ***** * ******* *****.

***** ******* *********** ** ******** *********, *** *****, *****-**** ********* in **********. **** ***** ********* **** **** **** *** ******* in ***** ********, *********** ***** **** *********.

** ********** *** ******* ****** ** ******** ***** ***** ** it ** ******** * ******* ****** *** **** *********. **'* safe ** ***, ***** *** ******** ***** **** ***** ****'* cool! ******* ** *** ***** ****** *** *******.

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