Today we announced that Alphabet's independent growth fund, CapitalG, is leading an investment that values Verkada at $5.8 billion, a $1.3 billion increase from our Series E earlier this year. Their investment will accelerate our development of AI capabilities and comes as we surpass $1 billion in annualized bookings.
Today, more than 2 million Verkada devices are deployed across 171 countries, bringing together video security, access control, sensors, intercoms, and alarms on a single platform. More than 30,000 organizations rely on Verkada’s platform not just to secure their buildings, but to run smarter, faster operations.
Over the past year, we’ve introduced some of our most significant AI advancements yet, from our AI-Powered Deterrence and Operator View to our AI-Powered Unified Timeline and more than 60 other new features that make proactive deterrence, real-time response, and rapid investigations dramatically more efficient. These updates show where the industry is headed: toward an agentic future where AI-powered security improves safety and simplifies operations.
Partnering with CapitalG strengthens our ability to stay ahead in this transformation. They understand the shift happening in physical security and the opportunity to replace legacy, fragmented systems with a more intelligent, software-driven platform.
Thank you to our customers, partners, and team for helping us reach this point. We have much more ahead, and we’re committed to continuing to build a platform that protects people and property in a privacy-sensitive way.
