Verkada was founded in San Mateo, California in 2016, with the closed-cloud single-vendor camera + access + sensors + intercom stack as the original product thesis. Last private valuation $3.2B, with the company on a public-IPO track as of 2025-26.
The 2021 breach exposed video from approximately 150,000 cameras (Tesla, jails, hospitals) and is now permanently referenced in cybersecurity case studies. In September 2024 the FTC and DOJ reached a $2.95M settlement with Verkada over fake employee and investor reviews and CAN-SPAM Act violations - the largest CAN-SPAM penalty the FTC has issued.
Verkada achieved FedRAMP Moderate authorisation on 14 May 2026, opening federal / SLED procurement paths. List-price increases effective 5 June 2026 were announced shortly after, blamed on AI / memory / storage costs and tariffs - channel rumour puts the increase band at 5-15% across the 193-SKU catalogue. OMNIA R250206-pricing customers are contractually protected through March 2028; other customers get repriced upwards on the next quote. The manufacturer's site is the authoritative source for current product status.