21:33:20 EDT Sat 11 May 2024
Enter Symbol
or Name
USA
CA



Goldman Sachs CDR (CAD Hedged)
Symbol GS
Shares Issued 350,000
Close 2023-07-25 C$ 18.07
Market Cap C$ 6,324,500
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Globe says Goldman backs one of two Ottawa start-ups

2023-07-26 07:47 ET - In the News

The Globe and Mail reports in its Wednesday, July 26, edition that Ottawa artificial intelligence software companies -- Solink and MindBridge Analytics -- have each raised $60-million (U.S.) to fuel their global growth plans. The Globe's Sean Silcoff writes that Solink, a video surveillance software company initially backed by Terry Matthews, raised its funding from Goldman Sachs and past investors OMERS and BDC IT Ventures after the company more than tripled the number of locations where its technology is used to 18,000 worldwide. Key customers include Tim Hortons, Dollar Tree, Nike, Chick-fil-A, Gap and Lululemon chains. Solink is "the up-and-coming leader in a market undergoing a rapid transition to the cloud and modernized solutions," said Goldman's Mike Reilly. MindBridge, which uses artificial intelligence software to help auditors detect fraud and accounting anomalies, is back on track to realizing its potential as one of Canada's most promising AI companies. MindBridge struck a global deal with KPMG International, which now incorporates MindBridge into its digital accounting platform. The software automatically reviews all of a client's accounting entries, flagging anything irregular or questionable.

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