Solink Raises More Than $100M to Turn Existing Security Cameras Into Business Data
The Ottawa company's round, led by Vertu Capital, will fund AI agents that analyze footage from cameras retailers and restaurants already own.
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Solink, an Ottawa company whose software pulls business data out of the security cameras that stores and restaurants already have, announced more than $100 million in new funding on October 29, 2026. Vertu Capital led the round, with existing investor Goldman Sachs Alternatives reinvesting and Golub Growth and Comcast Ventures joining as new backers.
Image: Alex Knight (Unsplash) / CC0 1.0, via Wikimedia Commons
Who invested
Toronto-based private equity firm Vertu Capital led the financing. Growth Equity at Goldman Sachs Alternatives, whose asset management arm led Solink's $60 million round in July 2023, made what Solink called a "material" investment. Golub Growth and Comcast Ventures are new to the company.
Solink did not disclose a valuation. The Globe and Mail reported that about 90% of the money went to the company, with the rest paid to early investors for their shares. Including the new round, investors have put more than $198 million into Solink, according to SiliconANGLE.
Eric Kafka, a partner at Vertu, called AI vision intelligence "one of the most significant opportunities in software today." Mike Reilly, a managing director in Goldman's growth equity group, said customer adoption and the product vision made reinvesting "a natural decision."
What the platform does
Solink connects to cameras a business already owns, so customers do not need new hardware. It combines video with point-of-sale data and uses AI to flag specific events, such as an employee entering a discount, then uploads the relevant clips to the cloud for review.
The company says its platform now runs at more than 35,000 customer locations in 65 countries, with about 500,000 cameras feeding into it. Customers include owners or franchisees of brands such as Tim Hortons, Gap, Five Guys, Jack in the Box, Pet Valu, Dollar Tree, Chick-fil-A and PGA Tour Superstore, according to The Globe and Mail.
Uses have grown beyond theft and loss prevention. Customers use the platform to keep drive-through lines moving, check that shelves are restocked and spot safety hazards.
This year Solink added AI agents for perimeter security and loss prevention that run on edge devices. It also added vision language models to VerifEye, its command center for security operations teams, to filter out false alarms.
Where the money goes
Solink says the funding will pay for its AI roadmap and for unspecified "strategic opportunities." CEO and co-founder Mike Matta told The Globe and Mail that most of it will build the "intelligence layer" behind the company's agents.
Matta expects agents and related intelligence tools to make up more than 40% of revenue within three years, up from less than 10% today. He told the paper that Solink's revenue has grown more than 40% a year and is on track to pass a $100 million annual run rate by April. These are company figures; Solink is private and does not publish financial statements.
Key numbers
| Metric | Figure | Source |
|---|---|---|
| New funding | More than $100 million | Solink |
| Total raised | More than $198 million | SiliconANGLE |
| Customer locations | More than 35,000 in 65 countries | Solink |
| Cameras on platform | About 500,000 | Solink |
| Employees | 350 | The Globe and Mail |
| Video uploaded | More than 750 million hours a month | Matta, via The Globe and Mail |
Why it matters
Solink's bet is that the cheapest route to AI in physical stores runs through cameras that are already on the walls. If agents can turn that footage into instructions for staff, video becomes an operations tool rather than just evidence after a theft.
For operators already running cameras, the practical questions are cost per location, how well the system works with their point-of-sale data, and how footage of employees and customers is stored and accessed. Ask for those answers before starting a pilot.
More coverage of AI in business is in our Artificial Intelligence hub.
How we reported this
The Business Wire release timed out when we tried to fetch it directly, so we checked its text through search excerpts and Solink's own announcement page. Additional figures come from interviews reported by The Globe and Mail and from SiliconANGLE. Revenue and growth figures are attributed to the CEO. We left out the founding year because sources disagree on it.
Sources
- Business Wire: Solink Raises More Than $100 Million in New Funding, Oct 29, 2026.
- Solink: Physical operations reimagined with AI vision intelligence
- The Globe and Mail: Ottawa-based AI video-surveillance company Solink raises $100-million, Oct 29, 2026.
- SiliconANGLE: Solink raises more than $100M to pull business data from security cameras with AI, Oct 29, 2026.
DailyMech used AI tools to help research and draft this article; it was fact-checked by our editors.