LiveView Technologies (LVT), provider of intelligent safety and security ecosystems, has raised $50 million in Series B funding in collaboration with growth investment firm Sorenson Capital. The company’s recurring revenue has grown 133 percent in the last year, and averaged over 100 percent in the last five years. Sorenson was joined by The Larry H. Miller Group and previous investment partners, Lead Edge Capital and Pelion Venture Partners. Rob Rueckert, Partner at Sorenson Capital, will join LVT’s Board of Directors.
LVT’s user-friendly, enterprise-grade solutions quickly secure any physical environment using intelligent automation and actionable, real-time data. With demand for LVT’s rapidly deployable commercial security systems increasing across both public and private sectors, the company has grown 514 percent from last year's valuation. LVT will use the funds to power even more advanced product research and development, continue recruiting top technical, manufacturing, and business talent, and drive expansion into the international security market.
“LVT’s mission is to make the entire world safer and more secure,” said LVT Co-founder and CEO, Ryan Porter. “While theft-related savings and real-time site awareness are a significant benefit for many of our customers, preventing violent crime and saving lives are the most important goals of our company, and at the forefront of everything we do. Our accelerated growth is a testament to the solutions we work tirelessly to provide, the value we place on forging strong partnerships with our customers every day, and the belief that we are realizing our mission one safer community at a time.”
LVT customers like the Kansas City Chiefs, Marathon Oil, the City of Camden, and thousands more use its proprietary systems to ensure public, employee, customer, and facility safety.
“LVT doesn’t just record incidents, they help prevent and deter them entirely,” said Mike Lamb, former asset protection and safety leader for Kroger, Walmart, and The Home Depot. “They are currently supporting one retail location that averaged 15 incidents of gun violence per year. Since partnering with LVT over a year ago, it dropped to zero. For Asset Protection leaders, this is the most important outcome because employee and customer safety is our top priority.”
LVT is an enterprise Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS) solution for remote live video, safety, surveillance, IoT, and analytics gathering, processing, and delivery. LVT is trusted by some of the largest and most well-known organizations in the world to keep their properties protected and their employees and customers safe. For more information, visit www.lvt.com.