Verkada Raises $205 Million At $3.2 Billion Valuation

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Donald Maye
•Published Sep 14, 2022 13:54 PM

Verkada last raised funding in January 2020 ($80 million at a $1.6 billion valuation). Now, 32 months later, Verkada has raised $200 million at a $3.2 billion valuation.

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Inside this note, we examine the new round, how Verkada has evolved since the last round, what Verkada intends to do with this new round and how this impacts their positioning.

For background, see our Research report: Verkada Competitive Strategy

Funding ********

** *** ******** ****, *******'* ******** investors ************ ** **** *****, ****** the ***** *** *** ** * small ** ********* ************ ******* ** "********* ** *** transportation, ******, *** ********* **********", ***** Verkada ** ***. ***** * ********* ********* ***** *****, **** ***** ******* ****** ** somewhat *******.

******* *** ********** ******* ***** ********* to ******* ******* ** **** ****** to **** *** **** * *****, even ****** *** ******* *********** ************, primarily *** ** ******** **** **** ******* *** ****************** ** *******'* ****** **********.

Doubling *********

******** ********* ** * ***** ****** for *******, ****** ***** *** ******* markets ****** ** * "****** ****" and ********* ******* ******** ******* ********, this **** **** *** ********* *** below **** ***** ***** ********* ****** rate ***** ** *** *** **** 32 ****** (*.*., ******* ** ****** in *******).

**** ** ************ ******** ***** *** fund ******* ** *** ******, ***** that ********* **** ****** *** **** conservative ** ********** **** ****.

Revenue *********

** ******** *******'* **** ******* **** be ** *** $*** ******* *****, based ** ******* ******* *******, *.*., 2021:******* ****** $*** ******* ******* *** 60,000 ******* ***** *******. ** *** ***** *******, ******* claims **** **** "****** ******* ***** revenue ****-****-****." ** ** ******* ** they **** ****** ******* **** ** the ***** ******* **** **** **** generated. ******* *** ***** **** ******** precise ***** **** ***** ******* ** and **** *********, ******* ***** ***** booking (*.*., ******** ***-**** *** ***** ahead) **** **** *******.

Price *** *****

***** ******* ******* *** *********, ********* to***** ******* *****, ******* ********* *** ***** *** Share (***) **** $*.** ** $*.**, an ~**% ********:

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*** ******* ***** *** ***** ** Verkada ** ******** ** */**/****, ******* Verkada ****** * ***** ** ******** announce *** *** *********.

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

****** ** ****, **** ******* ******* to ** ***-**-*** ******** ********, *** Verkada **** **** *** ********* **** they *** ******* *****:

******* **** *** *** ********** ** fulfill *** ******* ** ***** *** operating ****** *** *** ******** ***** - ************ ** ********* *** ******** offerings, ********** *** ******* *****, ****** across *** *********, *** ********** *** geographic *********.

******* ********* *** ***** *** ****** strategy ** ****, ********* ******** ** numerous *** ******* ********** ** *** past *** ***** (*.*.,******* ****** ******* ******,******* ****** ******,******* ** ****** **** */*, ****, Visitor ********** *******, ***.).

***** ***** *** *******, ** ****** them ** ******** ***** ******* ********, with **** *********** *** ******* *****.

******

******* *** *** **** *,*** ********* according ** ********:

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******* **** *** **** **** **** faster **** **** ******** ****, ******* 68% ** *** **** ****.

******* *** *** ***********, ********* ** LinkedIn, **** ** *** ***** *********.

*******

** ****** ******* ** ******** ** is, ** **** **** ****. *** $205 ******* **** **** **** ******** to ** **********.

*** ******* ********* **** ** ** see *** ******* ** ********'* **** against ******* ** *** ***. ***** Motorola ***** ** *** *******'* ***** products, **** *********** ** * ******* sign ** ********* **** ******* **** either *** ** *** ** ************* damaged ** **** ****. *******, *** conclusion ** *** *** **********, *** our **** ****** ******** -*** ****** *******'* ******* *** ******* Determination ******* ********

Comments (2)
Avatar
Donald Maye
•Sep 15, 2022

********** ******** ** *******'* ******* *************** "******* ************" **** ********* *** to **** **** ****, ****** *** mass ****:

*** ***, *** ********* **** **look **** from * *** ** ******* ************ ** order to keep funding the company with the same management team in place. Indeed, numerous reports ** ****** ***** (**** **** ****** ************ **** ** **** ******) ***** ****** **** ****** ********* ** *** ******** *********.

********* ** *** ******, ******** ****** the ******** ******* *** ** *** that ******* *********** ** ********** ****** ****** ** ** ******* that ******* **** ** *** *** of *** **** ***** *** ******** videos ** *******’* *********. ** *** time, **** ******** ***,*** *******, ********* inside *****, ****** ***********, *** *********.

*** ***** ********** ***** **** *** Vice ********* ** ****** **********:

*********, **** ******* **** ** ********** to ** ******* ******** **** *** first ******** ******, * ******** *** ************ ******** research ***** *********** ***** ** ****.

**** ********: ** ****, * ***** director ** *******’* ******* ** ******** San *****, *****, **** *** *******’* own ******** ******* ****** *** ******** to **** *** **** ****** ** female ********** ** * ***** ******* called #************* *****, *** ****, **** made ******** ******** ***** ***** ***** colleagues *** ****** ** *** *******.

(2)
JH
John Honovich
•Sep 15, 2022
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*** ****** ********* (*/**/**) *** *******'* fundraising***** **** $*** ******* ****:

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(4)