Solink Corporation has announced that it has closed $5 million in new funding, led by Generation Ventures, with participation from ScaleUp Ventures, BDC IT Venture Fund and Valor Equity Partners.
Solink is a cloud-based security solution for video recording, loss prevention and investigations.
The company says this solution can integrate with existing cameras and other data systems. Using this video and data, Solink automatically learns behaviour that leads to internal and external theft. It turns cameras into smart cameras by leveraging data and context from other systems and using AI to identify the most important activity, the company says.
“We are pleased to have secured the confidence, commitment and ongoing support of investors with a track record of success in supporting iconic companies,” said Mike Matta, Solink CEO. “Together, we will be able to meet the growing demand for our solution while making surveillance video a source of insight, instead of just an insurance policy.”