Solink collects $60m in Goldman Sachs-led Series C financing

• Goldman Sachs Asset Management’s growth equity business led the round
• Solink’s existing backers OMERS Ventures and BDC Capital’s IT Venture Fund also participated
• Solink has become the cloud provider to more than 18,000 customer locations in 15 countries, serving customers like Tim Hortons, The Container Store and PGA TOUR Superstore

Solink, an Ottawa-based provider of video security and intelligence solutions for businesses of all sizes, has secured $60 million in Series C financing.

Goldman Sachs Asset Management’s growth equity business led the round. Solink’s existing backers OMERS Ventures and BDC Capital’s IT Venture Fund also participated.

Solink’s platform provides secure and real-time access to security cameras and business intelligence, helping organizations identify risk and transform the way they operate. Its video management system uses customers’ existing security cameras to make them searchable and accessible in the cloud.

Solink has become the cloud provider to more than 18,000 customer locations in 15 countries, serving customers like Tim Hortons, The Container Store and PGA TOUR Superstore.

“Physical security is essential to managing the operations and profitability of most enterprises and small businesses globally. After conducting a deep dive in the physical security and VSaaS space, our team identified Solink as the up-and-coming leader in a market undergoing a rapid transition to the cloud and modernized solutions. Goldman Sachs is excited to partner with Mike Matta and the Solink team as they continue to gain market share due to their deep commitment to innovation, unwavering focus on customers, and a product that is a step ahead,” said Mike Reilly, a vice president in the growth equity business within Goldman Sachs Asset Management, in a statement.

Goldman Sachs Asset Management, the primary investing area within Goldman Sachs, oversaw more than $2.7 trillion in assets under supervision as of July 19, 2023.