Goldman Sachs Leads $60M Round for Cloud Video Surveillance Solink

Goldman Sachs Asset Management, through its recently launched $5.2 billion Growth Equity business, led a $60 million Series C funding round for Solink, an Ottawa-based startup that provides physical security systems for businesses, including closed-circuit camera analytics.

Existing investors OMERS Ventures and BDC IT Ventures also participated in the round.

While the company’s valuation was not disclosed, a Solink spokesperson told Connect Money, the fresh capital was an “up” round.

Solink offers a platform for secure and real-time access to security cameras and pertinent business intelligence. The platform proactively captures and audits video and transactional data to reduce fraud.

Solink’s Video Management System (VMS) uses customers’ existing security cameras to make them searchable and accessible in the cloud.

“This investment will accelerate our plans to expand our global coverage and allow us to invest in the future of physical security through new AI-native products,” said Michael Matta, Solink CEO.

Founded in 2010, Solink’s system monitors more than 18,000 locations worldwide for more than 800 brands, including Tim Hortons, The Container Store and PGA Tour Superstore.

To date, Solink, which employs around 230 people, has raised over $90 million, according to Crunchbase.