CapitalG completed an investment in Verkada.

CapitalG, a growth capital fund financed by Alphabet, completed an investment in Verkada, a cloud-based physical security and building management technology company. Financial terms were not disclosed. "AI is fundamentally transforming how organizations protect people and places, and we're leading that transformation. Today, more than 2 million Verkada devices are online across 171 countries actively turning data into actionable intelligence that makes security and operations faster, smarter, and more efficient. As we continue building this platform for the long term, we want to give the brilliant team driving this AI-powered transformation the chance to realize some of the value they've created and earned today," Filip Kaliszan, Verkada Co-Founder and CEO.