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Enterprise Video Security Company Verkada Raises $15M in Series A Funding Led by Next47, Siemens' Venture FirmSAN MATEO, Calif., April 11, 2018 /PRNewswire/ -- Verkada, leading provider of next-generation video security systems for businesses and schools, today announced $15 million in Series A financing. The funding round was led by Siemens' venture fund, Next47, with participation from existing investors, including First Round Capital, entrepreneur Hans Robertson, and Stanford professor and computer scientist, Héctor García-Molina. Challenging the status quo in a massive market "Verkada is helping us simplify and strengthen critical security infrastructure across our district," said Dean Farar, CIO at Yuma Educational Technology Consortium. As a challenger in the $16 billion-a-year market for commercial video surveillance technology, Verkada offers a range of benefits, including stronger data security, user-friendly software that works on any device, and automated SMS alerts that get sent when a camera detects an unusual event. Each Verkada camera is an all-in-one system that stores video locally and operates samlessly with Verkada's cloud-based software, eliminating the need for equipment such as digital video recorders and on-premise servers. Funding to accelerate R&D in computer vision and fuel sales team growth "We've seen phenomenal traction with our product so far and will be significantly growing the size of our engineering team so we can build new products even faster," said Verkada CEO and co-founder, Filip Kaliszan. "This will include enhancing our existing products, adding new products, and building out new features, like advanced A.I. capabilities." Proven founding team partners with Global 100 leader to accelerate growth "Verkada is building an enterprise-grade video surveillance solution that has all of the functionality and ease-of-use of cloud-managed consumer video cameras," said Lak Ananth, Managing Partner & CEO of Next47. "That is a category re-defining combination in the market for physical security and advanced building systems." Members of Verkada's team will be in attendance at ISC West, the largest physical security trade show in North America, held this week (April 10-13) at Sands Expo in Las Vegas. Learn more and get a free trial of Verkada's technology at https://www.verkada.com/. About Verkada About Next47
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