Funding round
Verkada Series B
Verkada, which works in physical security solutions development in San Mateo, raised $40M in a Series B round announced on 25 Apr 2019, led by Meritech Capital and Sequoia Capital, at a $540M post-money valuation. 4 firms took part. It is Verkada's third venture round on record; the one before was a Series A in Apr 2018.
$40M
Amount raised
$540M
Post-money valuation
$500M pre-money
4
Investors
2 leads
7.4%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Verkada at $540M after the new money. The $40M bought investors about 7.4% of the company. It came 12 months after Verkada's Series A. It is 6.2% of the $644M Verkada has raised in the venture rounds on record. Verkada raised again 9 months later: a Series C round of $80M in Jan 2020, at $1.60B post-money.
Verkada's funding rounds
Verkada has 7 venture rounds on record and 1 other deal. This one is highlighted.
- Debt not a venture round 28 Oct 2016 $400K
- Seed 21 Sep 2017, led by First Round $3.9M
- Series A 11 Apr 2018, led by Next47 $15M
- Series B this round 25 Apr 2019, led by Meritech Capital and Sequoia Capital $40M$540M post-money
- Series C 29 Jan 2020, led by Felicis $80M$1.60B post-money
- Series D 14 Sep 2022, led by Linse Capital $205M$3.20B post-money
- Series E 19 Feb 2025, led by General Catalyst $200M$4.50B post-money
- Growth 3 Dec 2025, led by CapitalG $100M$5.80B post-money
Investors
Who put money in
Meritech Capital and Sequoia Capital led the round with 2 other firms.
Lead investors
- Meritech Capital backs 84 venture-backed companies new investor
- Sequoia Capital backs 589 venture-backed companies new investor
Also in the round
- Next47 new investor
- backs 212 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing and scaling operations.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
The closest in time, other companies' Series B rounds in Alarms, Surveillance & Security Systems:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Alarms, Surveillance & Security Systems | 17 Oct 2018 | $6.9M | not disclosed | yabeo |
| Alarms, Surveillance & Security Systems | 17 Jul 2018 | $20M | not disclosed | Emergence Capital |
| Flock Safety Alarms, Surveillance & Security Systems | 6 Apr 2020 | $16M | not disclosed | not named |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Verkada raise in its Series B round?
Verkada raised $40M in its Series B round, announced in Apr 2019.
Who led Verkada's Series B round?
Meritech Capital and Sequoia Capital led it, with Next47 and First Round.
What was Verkada's valuation at the Series B round?
$540M post-money ($500M pre-money).
Did Verkada raise again after this round?
Yes: a Series C round in Jan 2020 of $80M at $1.60B post-money.