Verkada, a company in AI-powered physical security technology, announced CapitalG is leading an investment at a $5.8 billion valuation, an increase of $1.3 billion since the announcement of its Series E in February. The investment will accelerate Verkada’s AI capabilities and may also enable liquidity for employees. It comes as the company surpasses $1 billion in annualized bookings.

“AI is fundamentally transforming how organizations protect people and places, and we’re leading that transformation,” said Filip Kaliszan, co-founder and CEO, Verkada. “Today, more than two million Verkada devices are online across 171 countries actively turning data into actionable intelligence that makes security and operations faster, smarter and more efficient. As we continue building this platform for the long term, we want to give the brilliant team driving this AI-powered transformation the chance to realize some of the value they’ve created and earned today.”

Derek Zanutto, general partner, CapitalG, added, “Filip and his team have built a category-defining platform with unmistakable product-market fit, and we’re proud to back them as they scale their global footprint and extend their lead in this rapidly expanding market.”

In September, Verkada introduced more than 60 new AI features and platform updates that signal the next chapter of disruption and innovation for the business: powering the entire workflow of security operators with agentic tools like AI-Powered Unified Timeline and Operator View.

“Our work is just getting started,” Kaliszan added. “We’re grateful to our team, our customers and our investors for believing in this mission, and we’re excited for the next chapter of growth.”