Verkada, a San Mateo, Calif.-based provider of cloud enterprise video security solutions, secured $80M in Series C financing at a $1.6B valuation.

Backers included existing investors Next47, Sequoia Capital, Meritech Capital and new investor Felicis Ventures.

The company will use the capital to accelerate its growth in three key areas: expanding its product suite, accelerating global expansion, and growing its engineering team.

Launched commercially two years ago by Filip Kaliszan, CEO, Verkada is a provider of cloud-based enterprise video security solutions which combine on-site hardware with an all-in-one hosted software platform to give customers a real-time view into every part of their organization.

The company serves over 2,500 organizations, including twenty-five global Fortune 500 companies. | To read full story, visit https://startuparound.com/read/1580329807.3157146/Verkada-Secures-$80M-at-$1.6-Billion-Valuation?ref=audio_experience