By Hamza Faisal
Ottawa-based Solink has raised more than $100 million in new funding to expand its AI vision intelligence platform, which turns the security cameras businesses already own into a real-time source of operational data. The round was announced on October 29 and led by Toronto private equity firm Vertu Capital, with material participation from existing investor Growth Equity at Goldman Sachs Alternatives and new investors Golub Growth and Comcast Ventures.
Solink did not disclose a valuation. The company said the financing takes its total equity raised to more than $198 million, with more than 90 percent of the new capital going directly onto its balance sheet and the remainder used for secondary sales by employees and early investors.
What the money will fund
Solink said the investment will accelerate its AI product roadmap, fund strategic opportunities, and expand adoption of its platform across global markets. The company reports revenue growing between 40 and 50 percent a year, putting it on track to cross $100 million in annualized revenue by April.
The roadmap builds on two recent product steps. In February, Solink added AI agents for perimeter security and loss prevention that run at the edge on existing camera hardware. A month later, its VerifEye command center for security operations gained vision-language models designed to filter out false alarms before a human operator ever sees them.
A bet on the camera already on the wall
Solink was founded in 2009 as a cloud video surveillance company, and its pitch has barely changed since: the cameras are already installed, so the value lies in what software can read from the footage. Its platform now covers more than 35,000 customer locations in 65 countries and manages over 500,000 cameras across retail stores, restaurants, and warehouses.
From that footage, Solink says businesses can track readiness, merchandising, safety, loss prevention, and revenue performance without teams manually watching video. Vertu Capital partner Eric Kafka called AI vision intelligence "one of the most significant opportunities in software today," while Solink describes it as the next trillion-dollar software category.
Goldman returns, and the valuation stays private
Goldman Sachs Alternatives is a returning backer: its growth equity arm led Solink's $60 million Series C round in July 2023. Mike Reilly, a managing director in the group, said the firm's confidence in Solink's execution, customer momentum, and market position drove the decision to reinvest.
The raise lands in a busy stretch for physical AI, days after autonomous construction startup Bedrock Robotics closed a $600 million round. But Solink's angle is quieter than robots or humanoids: no new hardware, no rip-and-replace, just software that makes footage businesses already collect work harder. If the bet pays off, the most valuable camera in the store may be the one that was already there.
