Portfolio company Solink Corporation announces $5 million round of funding
Wesley Clover portfolio company Solink Corporation has announced the closing of a new $5 million round of funding this week. The round included U.S. and Canadian investors, and was led by Generation Ventures with participation from ScaleUp Ventures, Valor Equity Partners and BDC IT Venture Fund.
“We are pleased to have secured the confidence, commitment and ongoing support of investors with a track record of success in supporting iconic companies,” says 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. With so many hours of surveillance video recorded, businesses need Solink to proactively identify fraud and deliver business insights.”
Since launching in 2016, Solink has been growing rapidly with a customer base that extends globally. The company is definitely being “disruptive”, to use a current buzzword, as they are the first to apply a SaaS model to the very traditional industry of video surveillance. And they are the latest example of an innovative young firm leveraging the assets of our global Alacrity ecosystem to form, mature and continue to succeed.