Silicon Valley’s Verkada, a leader in AI-powered physical security technology, just opened five new offices, including one in Dallas. The other offices are in Atlanta, Chicago, Los Angeles, and a new international hub in Dubai, the United Arab Emirates.

The expansion comes after Verkada finished the fiscal year with a 30% increase in revenue year over year and an investment from CapitalG, Alphabet’s independent growth fund, which valued the company at $5.8 billion.

“Verkada’s growth in the past year reflects the massive opportunity to bring AI into the physical world,” Filip Kaliszan, co-founder and CEO of Verkada, said in a statement. “The longstanding investments we’ve made in AI have enabled us to meet this moment in the market, and most importantly to build safer communities around the globe together with our customers and partners.”

Verkada said its growth is demonstrated in more than 31,000 customers globally, including more than 100 of the Fortune 500, and more than 2 million of its devices online in 171 countries. The company said that 78% of core customers now use 2+ Verkada product lines and 54% use 3+. The company said that its average customer nearly doubles their initial spend within the first 12 months of engagement.

AI for challenges in the physical world

The rise in Verkada’s sales was driven by demand for proactive, AI-powered physical security to help companies deter threats, operate more efficiently, and build safer communities at global scale, the company said. In the past year, Verkada has launched more than 174 new AI features and product updates that improve efficiency for security professionals.

The company uses AI in a variety of powerful ways, including deterring unauthorized behavior, reconstructing timelines of suspicious actions for investigation in minutes, using voice directory and live translation, and notifying customers of unusual activity.

Verkada said it’s using AI to solve real-world challenges in the physical world “at an unprecedented scale.” Verkada video security cameras process more than 400 million images per hour during peak hours; its access control powers 8 million door unlocks per day; and its visitor management system prevented more than 5,000 potential threats last year.

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