Kanata company Solink, which develops surveillance video software, recently raised $16.3 million in series-A funding.
The round was led by Valor Equity Partners. Also contributing were Generation Ventures, ScaleUp Ventures and the Business Development Bank of Canada’s IT Venture fund also contributing. All investors already had stakes in Solink, which currently counts around 60 people on its team.
The funding will be used to “continue growing and developing the Solink platform,” according to the company’s press release.
Solink’s software uses artificial intelligence to analyse video surveillance data and flag areas of concern in businesses’ daily operations. Customers include national brands such as Tim Hortons and Five Guys Burgers & Fries as well as financial institutions.
