Introducing: the next billion-dollar startups
While many startups have tackled the “smart home,” with varying degrees of success, Verkada has exploded in less than two years on the market by offering big businesses, municipalities and schools a cloud-based system that combines hardware and software to detect movement and easily store and share surveillance streams.
In 2019, the company, founded by three Stanford graduates and the former cofounder of Meraki , signed on the city of Memphis—a nearly 1,000-camera contract—Juul Labs and Newton Public School District, the district of the 2012 Sandy Hook Elementary School shooting tragedy.
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