Ottawa-based video surveillance software company Solink has raised US$60 million to fuel its global growth plans.
Co-founded by Waterloo Engineering alumnus Michael Matta (BASc ‘07, electrical and computer engineering), the company helps organizations improve their physical security by identifying and mitigating operational risk.
Solink provides businesses with cloud-based video-surveillance-as-a-service (VSaaS) to create a safer environment for customers and employees.
Its Video Management System (VMS) helps business owners manage their security footprint by connecting security cameras to the cloud and delivering smart insights and analytics for real-time response.
The Series C investment round was led by Goldman Sachs and brings Solink’s total funding to US$90 million.
“This investment will accelerate our plans to expand our global coverage and allow us to invest in the future of physical security through new AI-native products. We want to partner with businesses to be their co-pilot, bubbling-up the most pressing risk and helping them action it”, said Matta, CEO of Solink in a media release. “What won’t change, is our relentless focus on helping customers protect their People, Patrons and Profits.”
Solink's customers include Tim Hortons, The Container Store and PGA TOUR Superstore as well as other leading retailers, restaurants, financial services and healthcare providers.