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Solink Raises $100M+ for AI Security Camera Analytics

AI summary

Solink raised more than $100 million in new funding led by Vertu Capital, with Goldman Sachs Alternatives, Golub Growth and Comcast Ventures participating. The company will use the money for AI vision intelligence features and strategic opportunities; it says its platform analyzes video from about 500,000 cameras across more than 35,000 locations in 65 countries, while Solink also added edge AI agents and vision-language tools to VerifEye.

In-depth insight

The financing supports applied AI that extracts business and security information from existing cameras, including agents that run on edge devices without proprietary cameras. Solink’s deployment figures and customer outcomes are company-reported, and the round’s valuation and strategic opportunities were not disclosed.

Video intelligence company Solink Corp. revealed today that it has raised more than $100 million in new funding.

Solink started out in Ottawa in 2009 selling cloud video surveillance, and its software now uses artificial intelligence to pull information out of the security cameras retailers, restaurants and warehouse operators already have installed. The company said the new money will fund its roadmap for what it calls AI vision intelligence. By its own count, about 500,000 cameras at more than 35,000 customer locations in 65 countries now feed into the platform.

The company added AI agents for perimeter security and loss prevention work in February. Those agents run on edge devices and do not need proprietary cameras. The VerifEye command center that Solink sells to security operations centers gained vision language models a month later, with the aim of filtering out false alarms before an operator ever sees them.

Nobody should need to watch footage to know what is happening inside a business, in the view of co-founder and Chief Executive Mike Matta. He called the present a “watershed moment” for physical businesses. With the new money, Matta said, Solink wants to help customers reduce loss and uncover revenue from their existing cameras.

#Solink#Vertu Capital#Goldman Sachs Alternatives#Golub Growth#Comcast Ventures#VerifEye

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