Siemens' Next47 subsidiary returned for Verkada's latest round, which valued the smart security system developer at $540m.
US-based connected video security technology developer Verkada has secured $40m in a series B round that included industrial equipment and appliance producer Siemens’ Next47 unit.
Growth equity firm Meritech Capital and venture capital firm Sequoia Capital co-led the round, which also featured VC firm First Round. It valued the company at $540m post-money.
Founded in 2016, Verkada combines security cameras with cloud-based software to provide smart security systems that enable organisations to access and store live surveillance footage.
The company…
