Solink raises more than $100 million for AI video intelligence

AI · First reported 29 Oct, 12:00 · Updated 18:34

Image: Wikimedia Commons · NASA Johnson Space Center · Public domain

Solink says it raised more than $100 million to develop AI tools that analyze footage from existing business security cameras. The Ottawa-founded company says its platform serves more than 35,000 customer locations across 65 countries; the round was led by Vertu Capital, with Goldman Sachs, Golub Growth and Comcast Ventures also participating.

Solink says the new funding will support its AI vision intelligence roadmap and help customers use existing cameras to reduce losses and identify revenue opportunities.
The company reports that about 500,000 cameras at more than 35,000 customer locations in 65 countries feed its platform.
Vertu Capital led the round. Solink did not disclose its valuation or details of the strategic opportunities it plans to fund.

Summary written by Lux AI from 2 articles

Key facts

Funding: More than $100 million; investors have contributed more than $198 million in total.
Lead investor: Vertu Capital.
Other named investors: Goldman Sachs, Golub Growth and Comcast Ventures.
Reported platform scale: About 500,000 cameras at more than 35,000 customer locations in 65 countries.
Valuation: Not disclosed.