The company reached $357M in revenue in 2024 and completed a $100M funding round in November 2025, with a valuation of $5.8B as of December 2025. As of April 2026, Verkada has 2,699 employees and approximately 30,000 active customers at the end of 2025. In 2026, Verkada expanded within the EMEA market by establishing an office in Dubai and announced a partnership with Carahsoft to sell its security technology to government agencies.
Cyborg Score Rationale
Verkada demonstrates strong market traction with $357M revenue, significant customer base (30,000+), substantial funding ($757M raised), and high valuation ($5.8B). Growth trajectory is solid with 16% YoY employee expansion. However, prior security breaches (2021) and ongoing regulatory scrutiny (DOJ CAN-SPAM lawsuit in September 2024, patent disputes with Motorola, facial recognition concerns) create operational and legal headwinds that temper an otherwise impressive growth profile.
Top Insights
Revenue reached $357M in 2024, demonstrating substantial scale within a decade of founding
30,000+ active customers at end of 2025 provides diversified customer base across enterprise, education, and government
Series F funding of $100M in November 2025 includes investors like CapitalG, signaling confidence from top-tier VCs
Dubai office expansion and Carahsoft government partnership in 2026 indicate strategic focus on geography and sector diversification
Named Competitors
Genetec — Video management and security platform provider
Pelco — Legacy video surveillance and security systems
Avigilon — AI-powered video analytics and surveillance
Rhombus — Cloud-based physical security platform
Spot AI — AI camera system for video intelligence and incident resolution
Recent Developments
(December 2025) Completed $100M Series F funding round at $5.8B valuation
(September 2024) Sued by US Department of Justice for CAN-SPAM Act violations
(May 2026) Established office in Dubai to expand EMEA market presence and announced Carahsoft partnership for government sales
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