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! ******* ** *** ***** ****** *** *******.

Login to read this IPVM report.
Why do I need to log in?
IPVM conducts unique testing and research funded by member's payments enabling us to offer the most independent, accurate and in-depth information.

Related Reports

Imperial Capital Security Investor Conference 2018 Review - ADT, Resideo, Alarm.com, Arlo, Eagle Eye, ACRE, More on Dec 14, 2018
Imperial Capital Security Investor Conference is an event matching industry executives with financiers that frequently leads to future funding...
Cisco Meraki New Cameras and AI Analytics on Dec 14, 2018
Meraki has released their second generation of video surveillance with 3 new cameras, AI-based video analytics, and 2 cloud-based storage...
Foolish Strategy: OEMing Facial Recognition on Dec 13, 2018
Almost as 'hot' as face recognition marketing right now is OEMing facial recognition. Last year, they were a who's who of company's with...
Startup Sunflower Labs' Autonomous Drone Security System on Dec 11, 2018
Startup Sunflower Labs is claiming a unique design on a home security system, combining autonomous drones and 'Sunflower' sensors. Imagine an...
AV Tech Company Profile on Dec 07, 2018
Taiwanese manufacturer AV Tech's revenue declined ~70% since 2012. Planning a comeback, AV Tech spoke to IPVM about their opportunities and...
Fullerton Returns, Joins OpenEye on Dec 04, 2018
Eric Fullerton became one of the most famous people in the industry as the Chief Sales and Marketing Officer of Milestone as Milestone became the...
Dahua Car Startup Raises $290 Million But Questions Abound on Dec 03, 2018
Dahua’s electronic car startup LeapMotor raised $290 million in funding this year, it said in an announcement. However, this news raises questions...
SS&Si Claims To Be "The New Face of Security Distribution" on Dec 03, 2018
Can 27-year-old Jake Voll disrupt the security distribution giants? He has positioned his company SS&Si as the 'NEW FACE' of...
Longse USA Profile on Nov 30, 2018
In September 2017, Longse bought and opened their USA office. As one of the largest South China surveillance manufacturers, they have previously...
ADT Promotes DIFY - "Do It For You" on Nov 30, 2018
"Do It Yourself" (DIY) is a popular expression and has become such a common word that it has even made the Cambridge English dictionary. But why...

Most Recent Industry Reports

Imperial Capital Security Investor Conference 2018 Review - ADT, Resideo, Alarm.com, Arlo, Eagle Eye, ACRE, More on Dec 14, 2018
Imperial Capital Security Investor Conference is an event matching industry executives with financiers that frequently leads to future funding...
Cisco Meraki New Cameras and AI Analytics on Dec 14, 2018
Meraki has released their second generation of video surveillance with 3 new cameras, AI-based video analytics, and 2 cloud-based storage...
Foolish Strategy: OEMing Facial Recognition on Dec 13, 2018
Almost as 'hot' as face recognition marketing right now is OEMing facial recognition. Last year, they were a who's who of company's with...
DVR Examiner - Video Recovery from Recorder Hard Drives on Dec 13, 2018
Bypassing passwords and long download times on-site, DVR Examiner collects and organizes video evidence directly from a hard drive extracted from...
2019 Access Control Book Released on Dec 12, 2018
This is the best, most comprehensive access control book in the world, based on our unprecedented research and testing has been significantly...
Huawei Hisilicon Quietly Powering Tens of Millions of Western IoT Devices on Dec 12, 2018
Huawei Hisilicon chips are powering, at least, tens of millions of Western IoT devices, such as IP cameras and surveillance recorders, a fact that...
FLIR Launches Body Cameras Unified With VMS (TruWitness) on Dec 11, 2018
While FLIR is best known for their thermal cameras, now they have expanded into body cameras, launching TruWITNESS, a public safety focused body...
Startup Sunflower Labs' Autonomous Drone Security System on Dec 11, 2018
Startup Sunflower Labs is claiming a unique design on a home security system, combining autonomous drones and 'Sunflower' sensors. Imagine an...
The 2019 Video Surveillance Industry Guide on Dec 10, 2018
The 300 page, 2019 Video Surveillance Industry Guide, covers the key events and the future of the video surveillance market, is now available,...
Multi-Factor Access Control Authentication Guide on Dec 10, 2018
Can a stranger use your credentials? One of the oldest problems facing access control is making credentials as easy to use as keys, but restricting...

The world's leading video surveillance information source, IPVM provides the best reporting, testing and training for 10,000+ members globally. Dedicated to independent and objective information, we uniquely refuse any and all advertisements, sponsorship and consulting from manufacturers.

About | FAQ | Contact