Signal

Ottawa-based Solink, which uses AI to pull data from already-installed security cameras, raised $100M+ led by Vertu Capital, bringing its total raised to $198M+

First reported by Siliconangle ·

The signal ●●●○ Compiled by AI from Siliconangle, Techmeme, FinSMEs, Unite.AI, BetaKit and 2 more
Why you might care

Your existing security cameras can now be a source of operational insights and potential revenue, not just for security.

What happened

Solink Corp., an Ottawa-based company that utilizes artificial intelligence to extract business data from existing security cameras, has announced a new funding round exceeding $100 million. This latest investment, led by Vertu Capital, brings Solink's total funding to over $198 million. The company, founded in 2009, initially focused on cloud video surveillance but has evolved to apply AI to security camera feeds for retailers, restaurants, and warehouse operators. The new capital will accelerate Solink's AI vision intelligence roadmap, aimed at helping businesses reduce loss and uncover revenue opportunities. Solink's platform currently processes data from approximately 500,000 cameras across more than 35,000 customer locations in 65 countries. The company also recently deployed AI agents for perimeter security and loss prevention that operate on edge devices, and vision language models for its VerifEye command center to filter false alarms.

What it means

This funding signifies a growing market trend where established video surveillance hardware is being retrofitted with AI to extract richer business intelligence, moving beyond pure security applications. Companies are increasingly looking to leverage their physical infrastructure for data analytics, indicating a shift towards more integrated operational intelligence platforms. The focus on reducing loss and uncovering revenue suggests a strong demand for AI solutions that provide tangible financial benefits to businesses.

The substantial investment in Solink highlights the potential for AI vision intelligence to become a significant category within enterprise software. Competitors may face pressure to develop similar capabilities, potentially leading to increased innovation and feature development in this space. Businesses that have already invested in security cameras should evaluate how they can adopt AI-powered analytics to gain a competitive edge.

AI-written summary. May contain errors.

AI Dev