Solink, a Canada-based AI vision intelligence company, has raised more than $100 million in new funding led by Vertu Capital. The financing included a substantial investment from existing backer Growth Equity at Goldman Sachs Alternatives, alongside participation from new investors Golub Growth and Comcast Ventures.
The Ottawa-headquartered company plans to use the capital to advance its AI product roadmap, expand its vision intelligence capabilities and pursue strategic growth opportunities.
Founded in 2010 and led by co-founder and CEO Mike Matta, Solink develops AI-powered software that helps businesses extract operational insights from existing security cameras. Its platform connects video footage with business data and operational systems, enabling organisations to monitor activities, investigate incidents and identify potential risks across physical locations.
The technology serves retailers, restaurants, warehouses and other businesses with physical operations. By analysing camera footage alongside operational information, Solink helps organisations detect losses, improve safety, assess service performance and identify opportunities to improve efficiency.
According to the company, its platform manages approximately 500,000 cameras across more than 35,000 customer locations in 65 countries.
The new financing follows Solink’s $60 million Series C round in July 2023, which was led by the Growth Equity business within Goldman Sachs Asset Management, with participation from existing investors OMERS Ventures and BDC IT Ventures. At the time, Solink served more than 18,000 customer locations across 15 countries.
The latest investment will support Solink’s continued development of AI-driven video analytics and its expansion into broader operational intelligence applications for businesses operating across multiple physical locations.
