A startup company that was co-founded by ECE alumnus Mike Matta has raised $16.3 million to continue growing and developing its business intelligence and surveillance video software.
Solink, one of the fastest-growing companies in Ottawa, synchronizes security video footage with information on sales transactions and analyzes the combined data using artificial intelligence (AI) to give retail business owners insight into their operations.
Its software monitors for unusual activity and issues alerts, with clients using it for everything from daily inventory auditing to uncovering transaction scams and catching shoplifters.
“Business intelligence (BI) is powerful,” Matta, the chief executive officer, said in a news release this week. “But when we integrate video as a layer of information, we disrupt the traditional concept of BI. We add truth and context that can make the difference between a poor or an informed decision.”
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