Solink, a video surveillance software company initially backed by Ottawa billionaire Terry Matthews, raised its funding from Goldman Sachs Asset Management and past investors OMERS Ventures and BDC IT Ventures
Two fast-growing Ottawa artificial intelligence software companies – Solink Corp. and MindBridge Analytics Inc. – have each raised US$60-million to fuel their global growth plans., raised its funding from Goldman Sachs Asset Management and past investors OMERS Ventures and BDC IT Ventures after the company more than tripled the number of locations where its technology is used to 18,000 worldwide over the past three years.
By contrast, most video surveillance systems record and store feeds at individual customer locations, making footage more difficult to analyze. His arrival heralds several leadership changes at MindBridge, including last week’s departure of founder and chief impact officer Solon Angel, who has been longing to start a new venture, but will remain on the company’s board.
. Mr. Angel founded the company in 2015 and brought on veteran Ottawa tech entrepreneur Eli Fathi as CEO, who recruited seasoned leaders including chief technology officer Robin Grosset, former chief architect with IBM Corp.’s Watson Analytics Group.prematurely hired two seasoned executivesMindBridge then recruited Mr. Perris, a veteran software sales executive in 2021, to replace Mr. Fathi, now chairman.
It collects data from 300,000-plus cameras used by nearly 800 customers and says new clients earn a positive return on investment in the product, which is billed on a subscription basis, within 30 days.
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