Cloud Camera Security Startup Solink Raises $60M

Cloud Camera Security Startup Solink Raises $60M

Solink, a provider of physical security systems for businesses that include closed-circuit camera analytics, announced today that it had raised $60 million in a Series C round that was led by Goldman Sachs and included participation from Omers Ventures and BDC IT Ventures.

The money will be used to expand Solink’s clientele globally and buy new products, according to co-founder and CEO Michael Matta.

“Solink’s platform meets the unique needs of different industries by offering a solution for forensic security and real-time active security monitoring,” In a telephone interview, Matta told TechCrunch. “Solink’s cloud-native infrastructure enables deeper integration with other business systems, opening up new use cases and increasing efficiency, helping customers across a variety of industries get the most out of their existing investments in surveillance infrastructure.”

In order to assist banks and credit unions in preventing ATM fraud, Solink was established as a consulting firm in 2010. The business’s platform assisted in real-time detection of potential ATM skimming attacks by combining transaction data from ATMs with security camera data.

In 2016, Solink made a move into the cloud video security market by introducing a service-based product that enhanced video feeds with information from other systems, such as POS systems. Currently, Solink’s platform enables businesses to carry out a variety of security monitoring tasks, such as detecting motion across cameras and moving between cameras without being familiar with a physical site’s layout.

“Customers can add an unlimited number of users under one subscription and assign unique levels of permissions depending on rank and role,” Matta explained. “The system is programmable, automatically adjusting as new cameras are added or moved, and offers the option to manually add, remove, or modify links as needed.”

However, some of the applications for Solink’s service, in my opinion, are downright spooky.

In restaurants and retail environments — say, clothing stores — Solink claims to be able to tag specific staff’s customer interactions and monitor per-staff transactions for speed and size, or filter for “unusual” behavior and movement (e.g., foot traffic) in a room. The company also claims that it can identify “threats” using Artificial intelligence (AI), including unauthorized access to buildings and attempted break-ins, and has partnerships with law enforcement for dispatch.

It’s simple to imagine a situation in which a customer uses Solink to invasively spy on their staff, as well as their clients. It wouldn’t be unlawful because, at least in the US, businesses are allowed to monitor their workplaces without violating any laws. But staffers and patrons might have…thoughts about it.

Read More: How Long Do Security Cameras Keep Footage?

Source: techcrunch

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