This Startup Making Cloud-Connected Security Camera Systems Reached A $540 Million Valuation In 3 Years

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This Startup Making Cloud-Connected Security Camera Systems Reached A $540 Million Valuation In 3 Years
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Startup Verkada is growing quickly, thanks to hot demand for its un-hot product: video security systems for businesses and schools

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"With all the innovation happening on the consumer side with cameras, people are used to a higher tier of experience," says Kaliszan."We come in and say, okay, this is how you bridge the gap." "Imagine you were in an emergency situation, a police officer goes into the room and looks at a screen and relays information," he says."But our cameras can be used for things like training, too: we have a mall that used the time-lapse feature to show people's traffic patterns."

At the Zionsville Community Schools district in Indiana, which services about 7,000 students, Verkada started replacing a hodgepodge of other systems last year after a nearby school shooting added urgency to the need to upgrade its cameras. Zionsville set up about 500 cameras last summer, says chief technology officer Dan Layton, and uses the cameras for everything from school safety to tracking food deliveries.

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