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Alternative Assets  + Private Equity  + VC  | 
Goldman Sachs Leads $60M Round for Cloud Video Surveillance Solink

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.

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Inside The Story

SolinkGoldman Sachs Asset Management

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.