Security systems are becoming a big business. And some of the top venture capital funds in America are betting on it getting even bigger.

‍What’s happening:‍

• Security system startup Verkada has successfully raised $200M USD in a new Series E financing round
  
• The new funding round was led by General Catalyst
  

By the numbers:‍

• Verkada has now raised more than $700M USD in total venture capital funding since inception
  
• There are more than 1.5M Verkada security devices in operation globally
  
• More than 30,000 customers use Verkada for video security cameras, alarms and sensors
  

Why it matters:‍

• Verkada is one of the fastest growing private security companies in the entire world, as well as being one of the few security companies whose hardware is fully integrated with leading edge machine learning and computer vision technology
  

Going deeper:‍

• Leveraging innovative technology for public safety and security has been an emerging trend in both Silicon Valley and Wall Street lately, with the New York Police Department just recently cutting a deal with SoundThinking (NASDAQ: SSTI) to use their proprietary ShotSpotter technology for being able to precisely identify where a gun shot was fired within seconds
  

The intrigue:‍

• American venture capital giant Eclipse also participated in Verkada’s Series E financing round

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