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Solink raises more than $100 million in Vertu-led funding round
Solink announced more than $100 million in new funding led by Vertu Capital, with Goldman Sachs Alternatives, Golub Growth and Comcast Ventures participating. The Ottawa company says it will expand its AI platform, which draws business inte
AI.info Team · Written with AI · fact-checked ·
On Thursday, October 29, Ottawa-based Solink announced it had raised more than $100 million to expand software that turns businesses’ existing security-camera footage into operational data. Vertu Capital led the round, with participation from existing investor Growth Equity at Goldman Sachs Alternatives and new investors Golub Growth and Comcast Ventures. Solink did not disclose a precise total in its announcement.
Vertu leads a round with two new investors
The company said it will use the funding to advance its AI roadmap, expand platform capabilities and pursue strategic opportunities. Solink describes its product category as “AI Vision Intelligence”: software that analyzes video from cameras already installed at businesses and surfaces information intended to help with revenue, loss prevention and safety. The company’s announcement casts the investment as support for a broader push into AI-powered analysis of physical operations.
“Our vision is a world where businesses no longer need to see what’s taking place in order to understand what’s happening,” Solink co-founder and CEO Mike Matta said in the announcement. Nasdaq, carrying Solink’s announcement
BetaKit reported that more than 90% of the proceeds will go to Solink’s balance sheet, with the remainder tied to employee and investor share sales. The financing therefore includes both new capital for the company and transactions involving existing stakeholders. Solink’s announcement did not disclose a valuation.
500,000 cameras connect to Solink’s platform
Solink says its platform serves more than 35,000 customer locations in 65 countries and manages 500,000 cameras. Its customers include retail stores, restaurants, warehouses and other physical businesses. The company says its software uses video to surface operational information, rather than requiring staff to review footage manually.
The new investment follows a $60 million Series C round in 2023, according to BetaKit. In an interview with the publication, Matta said the latest financing was not driven by an immediate need for liquidity; he framed it as a bet on applying AI to information businesses collect in physical locations. He said the company was looking beyond conventional surveillance uses toward helping operators identify issues such as missing products or long lines.
Solink’s pitch reaches beyond loss prevention
That wider use of camera data brings privacy questions alongside the operational pitch. Matta told BetaKit that Solink does not install its own cameras and does not provide biometric data; he also said its technology focuses on actions rather than identifying individuals. Those are company statements, not an independent assessment of how every customer deploys the platform.
“The physical world is a lot more chaotic than the digital world,” Matta told BetaKit, arguing that software needs to interpret context in settings where activity does not follow a predictable pattern. BetaKit’s interview with Matta
Solink’s announcement says the funding will support product development and strategic growth, but does not specify which features or deals it plans to pursue. For now, the company’s stated reach is more than 35,000 locations across 65 countries, using 500,000 cameras already in place at businesses.