One Integrated Physical Security Platform

The enterprise security landscape is undergoing a transformation, as traditional analog systems are replaced by cloud-based digital solutions. This shift is driven by AI and the growing demand for real-time monitoring, data analytics, and remote access. In 2024, global spending on security and risk management reached $215B, fueled by societal changes and heightened concerns about crime.

At the same time, the rise of the Internet of Things (IoT) has accelerated the adoption of smart devices, creating a vast network of interconnected sensors and cameras that enhance security and streamline operations through centralized management and analysis.

The growing need for enterprise security and advancements in physical security technology have together led to an increased demand for integrated security solutions.

Verkada is meeting this demand with enterprise security systems that integrate modern hardware with intelligent, cloud-based software. Its subscription-based platform delivers fully integrated video security, access control, and physical security solutions, positioning the company at the forefront of the evolving security market.

Verkada provides a suite of cloud-based surveillance and access control solutions designed to streamline security management. Its product lineup includes high-resolution cameras, door access controllers, environmental sensors, and a centralized management platform. All hardware is integrated and managed through Verkada’s Command software.

Verkada has pursued aggressive growth, expanding its customer base more than fivefold since 2020 to over 30,000 globally. The company is particularly strong among multi-location businesses and organizations needing scalable, integrated security solutions. With over 1M devices deployed in 85 countries, Verkada operates from 15 offices worldwide, supported by 8,400 global partners and 2,200 employees.

The company generated over $500M in revenue in 2024 and is nearing breakeven. It has raised $655M in total funding from General Catalyst, Next47, and Sequoia – valued at $4.5B in Feb 2025.

Conclusion

Verkada is now a Fabrica Ventures portfolio company.

We are confident it will mirror the successful trajectory of Samsara (NYSE: IOT).