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.