Security technology startup Verkada has reached a $5.8 billion valuation after a new funding round led by CapitalG, Alphabet's venture capital arm, announced Wednesday.

"I think Google saw the opportunity with us in the application of AI and everything we're driving to apply AI to the physical security industry," CEO Filip Kaliszan told CNBC's Deirdre Bosa.

The company said in a release that the investment will be used to bolster its artificial intelligence capabilities and provide liquidity.

The financing totaled $100 million, a person familiar with the terms of the round told CNBC, raising the company's valuation by $1.3 billion from its Series E funding in February. The person asked not to be named in order to discuss details of the funding.

CapitalG also recently contri

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