Solink raises over $100M to turn security cameras into business data

Solink raised more than $100M led by Vertu Capital, with Goldman Sachs Alternatives, Golub Growth and Comcast Ventures joining. Its AI turns existing cameras in shops, restaurants and warehouses into data on theft, service and safety. It covers 35,000 locations in 65 countries.

Solink, an Ottawa startup that turns shops’ security cameras into a source of business data, has raised more than $100M, the company said on Thursday. Vertu Capital led the round, with Goldman Sachs Alternatives, Golub Growth and Comcast Ventures joining.

Solink’s software watches video from cameras that stores, restaurants and warehouses already have. It picks out what matters to managers, such as theft, slow service or safety problems, and turns it into data. Shops have been testing AI cameras to catch shoplifters since at least 2018.

The company says more than 35,000 locations in 65 countries use its platform, covering 500,000 cameras. That is up from 18,000 locations in 15 countries when it raised a $60M Series C led by Goldman Sachs in 2023.

“We’re entering a watershed moment for how physical businesses operate,” said Mike Matta, Solink’s co-founder and chief executive.

Solink will spend the money on new AI features and on what it calls “strategic opportunities.” It calls its field “AI Vision Intelligence” and believes it will become the next trillion-dollar software market.

Its customers include Take 5 Oil Change, Jack in the Box and PGA TOUR Superstore. Take 5 says it saw a 78% drop in drive-offs after using the system.

Rivals are raising money too. In June, San Francisco’s Coram raised $35M for AI agents that search camera footage. Paris-based Veesion raised €38M to spot shoplifting in 2025.