Solink raises more than $100 million for AI camera analytics

Solink began in Ottawa in 2009 selling cloud video surveillance, and its software now uses artificial intelligence to extract information from cameras that retailers, restaurants, and warehouse operators already have installed. That evolution from pure surveillance to what the company calls AI vision intelligence has been paired with product additions: in February it added AI agents for perimeter security and loss prevention that run on edge devices and do not need proprietary cameras, and a month later its VerifEye command center, sold to security operations centers, gained vision language models aimed at filtering false alarms before an operator sees them.

The funding comes with a returning investor. Goldman Sachs' asset management arm led Solink's $60 million Series C round in July 2023, and Goldman again put in a material amount through Growth Equity at Goldman Sachs Alternatives. Vertu Capital led the new round, with Golub Growth and Comcast Ventures joining as new investors. Including the new funding, investors have now put more than $198 million into the company.

Solink positioned the raise around customer outcomes rather than technology alone. Co-founder and Chief Executive Mike Matta said nobody should need to watch footage to know what is happening inside a business, and he described the present as a "watershed moment" for physical businesses; with the new money, he said, Solink wants to help customers reduce loss and uncover revenue from their existing cameras. Solink did not disclose a valuation and gave no detail on the strategic opportunities it also plans to fund with part of the round, leaving those as open items for now.