Solink raises more than $100M to pull business data from security cameras with AI

Video intelligence firm Solink Corp. announced today that it has raised over $100 million in new funding. The Ottawa-based company launched in 2009, initially selling cloud video surveillance software. Now, Solink's AI-powered platform extracts valuable information from the security cameras already in use by retailers, restaurants and warehouse operators.

With this fresh capital, Solink plans to advance its AI vision intelligence roadmap, leveraging the 500,000 cameras at 35,000+ customer locations across 65 countries already feeding data into its system. In February, the company introduced AI agents for perimeter security and loss prevention that run on edge devices and do not require proprietary cameras.

Additionally, Solink's VerifEye command center, which sells to security operations centers, incorporated vision language models a month later to minimize false alarms before they reach operators. Solink's CEO Mike Matta described the present as a "watershed moment" for physical businesses, emphasizing that with the new funding, the company aims to help customers minimize losses and tap into revenue opportunities already present in their existing camera infrastructure.

The lead investor in this round was Toronto-based private equity firm Vertu Capital, with Goldman Sachs Group Inc. contributing a significant amount through Growth Equity at Goldman Sachs Alternatives. Golub Growth and Comcast Ventures also joined as new investors. Eric Kafka, a partner at Vertu Capital, described AI vision intelligence as "one of the most significant opportunities in software today," praising Solink's foresight and execution in defining this category.