SUMMARY
- Solink raised over $100 million in funding.
- The funds will support AI development and expansion.
- Solink uses AI and security cameras to help businesses.
Solink, an Ottawa, Ontario, Canada-based provider of an AI vision intelligence platform, has raised $100 Million+ in a new funding round.
The round was led by Vertu Capital with participation from Growth Equity at Goldman Sachs Alternatives, Golub Growth, and Comcast Ventures.
The company will use the funding to advance its AI roadmap, expand its AI Vision Intelligence platform, and pursue strategic growth opportunities.
What is Solink?
Solink develops an AI-powered platform that helps businesses monitor and understand their physical operations. Its technology turns existing security cameras into sources of real-time business intelligence.
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The platform analyses video footage and converts it into useful information for businesses across retail stores, restaurants, warehouses, and other physical locations. It helps teams identify operational issues, reduce losses, improve safety and find opportunities to increase revenue.
By combining video data with AI, Solink gives businesses better visibility into daily operations and supports more informed decisions.
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How Much Funding Has Solink Raised?
Solink has raised more than $100 million in its latest funding round. The company has not disclosed its total funding raised to date or details of previous funding rounds in the announcement.
Who Invested in Solink’s Funding Round?
The latest funding round was led by Vertu Capital.
Other participating investors include:
- Growth Equity at Goldman Sachs Alternatives
- Golub Growth
- Comcast Ventures
Why the Funding Matters
The funding will support Solink’s AI development plans and help the company expand its presence in the AI Vision Intelligence market.
The investment will also help accelerate its product roadmap and support strategic growth opportunities. The company plans to continue serving its customers while maintaining its service standards.
Who founded Solink?
Solink was founded in 2009 by Michael Matta. The company is headquartered in Ottawa, Ontario, Canada.
“We’re entering a watershed moment for how physical businesses operate, as AI Vision Intelligence brings the richness and immediacy of digital data into the physical world,” said Mike Matta, Co-Founder and CEO of Solink. “Our vision is a world where businesses no longer need to see what’s taking place in order to understand what’s happening.
“AI vision intelligence represents one of the most significant opportunities in software today,” said Eric Kafka, Partner, Vertu Capital. “Solink has demonstrated the foresight and execution required to define this emerging category and built a trusted platform that helps businesses unlock operational value from the infrastructure they already have.”
Market and Business Growth
Solink's platform is used across more than 35,000 customer locations in 65 countries. The company also manages over 500,000 cameras across its customer network.
Its customers include businesses in retail, restaurants, warehouses, and other physical operating environments. The platform uses their existing camera infrastructure to provide AI-powered insights into business activities.
What Happens Next?
Solink plans to use the new investment to advance its AI roadmap, and accelerate the development of its AI Vision Intelligence platform. It will also explore strategic growth opportunities as it expands its market presence.
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