LVT LiveView Technologies Raises $50 Million for Rapidly Deployable Security Systems
LiveView Technologies, the Utah-based company known for their mobile trailer surveillance systems, has raised $50 million in a Series B fundraising round.
In this report, IPVM examines LiveView's product offerings, fundraising, and growth, based on a conversation with CEO Ryan Porter and Director of Marketing Derek Boggs.
Company ********
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******** ********* ****** ** * "********-**-*-******* (SaaS) *** ********-**-*-******* (****) ******** *** remote **** *****, ******, ************, ***, and ********* *********, **********, *** ********."
*** ************ ************ ******** **** *** incorporate ******* *** *** ******* **** a ***** ** ************, *** ******* told ****. *** ******* **** ******* their *** ******** *** **** **** describe ** ** ********* ** ********** customers' *** ** ***** ********* ************.
1,500 ****** ******* ** * *****
***'* **** ** ****** ******** ****** on ******** * ************ ****** **** executives ** *** **** ** **** the ******* ** *,*** ** * years, * ****** ***% ********:
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$50 ******* ***********
******** ************ ****** $** ******* ** a ****** * ***** ** **** 2022.
*** ******* *********** **** "*** *** [$** ******* in] ***** ** ***** **** **** advanced ******* ******** *** ***********, ******** recruiting *** *********, *************, *** ******** talent, *** ***** ********* **** *** international ******** ******."
***'* *** **** **** **** *** funds **** ***** *** ********* *** specialization ****** *** *******:
** *** *** *******, *** ***** ago, ** *** * ****** **** 100 **** **** *********. **'** ********* at ***** ***. *** **, ** did * *** ** ******* ** in *** **** ****** ** ***** and ******** ** * *******. ****** that, * *** ** ** **** wearing * *** ** ****. *** so ** **** **** ** ***** in *** *********** *** *********** ** their ********* *****. *** ** **** money ** ****** *** *********. **'* investing ** *** ********* ********* **** we're ** **** ********* ****** *** board.
*** ******* ********* ******** **** ****** the ** *** **** ** ****** internationally, ***** ** ****** *** *********' needs, *** *** *****.
6,000+ ***** ** ***
********'****** ******* ***** **** **** "**** than *,*** ******** ***** ** ***",***** ** * ****** ***% ******** from *** ~*,*** ***** ***** ** use ** ****.
*** ******* ****** ** ******** *** lease ****** **** * ** * in ******* **** ** * ** 5 ** ************ *** ***** *****, the ******* **** ****.
*******
*** ******** ***** * "**** ************" model **** * **** ** $*,*** per *******. ** **** ******* *****, the ******** ****** *** ********* *** software ** * ******* *** **** not *** *** ******* ** *******.
*** ***** **** **** ** ****** go ** ****** **** *** ** what ** **** **** ************. ** we *** *** *********, ** *** the ******** ****, ** *** *** server, ** *** **********, * ** Z, ** *** ******** **** * monthly ************ ***, *** **** *** all ** *** ******** ********.
*** ******* ***** **** ***** *** certain ********** *********, **********, *** *****-****** governmental ********* *** ********* *** *********.
** *** ******* ********* **** **** large ********** *********. *** ** ** we ******* **** ** ******** *** hardware. ****, *** **** **** *** then **** *** * ******* ******** subscription ***. *** ** *** **** for * ****** ** ***** ** like ****, ****, ****. *** *** what **'** ******* ** ******** **% of **** ** ** ** **** subscription.
** *** **** ********** ******** **** are ***** ******, *** **** ** those ******, **** ********** **** ******* capital *******, *** ** ** **** a ***** *** **, ** ****'* what's ******, *** *** ******** ** them ***'* **** **.
Estimated *******
***** *** ** ********* ***** *** does *** ******** *******, **** ********* revenue ** ~$** *******, ***** ** company ****, ***** ****,******* ****** ****** ** ***% *-**** growth, *** * **** ********* **** LVT **********. *** ******* **** **** its ******* ** ********* ***** $*** million.
**** **** *** ******* ***** *** rapidly ********** ************ ******, *** **** would **** ******** *** ** *** largest ********* ** **** ***** ** North *******.
** *** *********** ***** *******, *** company ****** **** *** ********* ******* "has ***** ***% ** *** **** year *** ******** **** *** ******* [growth] ** *** **** **** *****."
Estimated *********
** ******** * ********* ** $***-$*** million *** ********, ** ~** ***** to *****, ***** *** ****** ****. A ******** ** *** *********, ******* of ********* ****** ********** ** ****, is **** *** ******* ** ******* skewed ** ******** *****, *** ***** they ** ***** ************ *****, ** estimate **** ** **** *%-**% ** net *** *******, ******** ** **% - **% *** **** *******. *** company's *********** ***** ******* ****** **** "the ******* *** ***** *** ******* from **** ****’* *********."
Rapid ********** ********
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** ****, *** **** **** **** most ***** **** ****** ******* ***********:
**-**% *** ****** *******-**** *******. ******* 35% *** **** ** * **** or *** **** ** * ********. 1% ******** **-*******. ** **** ******* entities, ****** *** *** ****** **** the **-*******. *** ** *** ***** down ** *** ****. ** *** do **** ** ** *** ** data ***** ***** ** ********** *** our *********.
Walmart ***********
*** **** **** ** **** **** their ******** ******* **** ** *** in **** **** *,*** ******* ******. These ********** ******* *** ************ **** are **** *** **** *** ******* more **** ***** *** ******* *** 40% ** ***'* ******** *********.
VMS ********* & ******** *************
** **% ** *****, *** *** provide * ******** ************* ** *********, the ******* ****, ****** **** ***** approach ** ** **** *********' ***** and ******* ** ********* *** ********* software *** ***** ********* **** ******** needs ** ****** ***** ********* *******.
** *** **** ** *** ******, we ***'* ***** *** *********** *********. We ***'* ***** ** *** ******** for ***** **** *** ** *** platform. ** **** *** ******** **** supports **** ********* ** ****-**-***** ********, for *********, *** *******, ** ****-**-***** cameras. *** **, ** *** ******* any ** ***** **** *** ******** and *** **** ** *** ********.
*** ******* **** *********** *** *** trailers, **** ***.
** *********** *** ******* **-*****, *** we ***'* *********** *** ** *** cameras ** ******** **** **** *** have ** ********* ** ** ****.
Large *********** *****
***** *** **** *********** ***** ****** LVT, *** ** ***** *** ******, the *** ****.
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** ****, *** **** **** **** they ******* *** ** ***** *** software, ****** **** *** ******* **** AWS ******* *** ***** *****:
** ***** **** ** *** ***** entirely. ** *** *** *** *** service. *** *** ******* ** * microservice, ** ** *** ******* ** google ** *******. *** ********* ** split ******* * ***** ** *** users, *** ******** *** **** (***** be * ***********) *** **** **** their ********* *** **** ** ***** their **** ***** *****.
*** ***** ***** ***** *** *******'* VMS ******** ** * ****** *****.
***********
******* ********** ****** ******* *** ***** provided ** ******* ******** ********* **** build ******** ***** ******** **** ********, cameras, *** ***/*** ********. **** ** not ******* ***** *** ***** ********** services *** ****** *** ********. **** are **** ********* ****** ***** ********** companies **** ***** ** **** ********** camera ******** *** ********* ****** ** construction *****.
**** ***** ********* ********* ***** ***** of ****** ************ ******** *******, *** are *** ******* **:
- **********
- ***** ***** ********
- ******* ****** ******** *********
- ********** ***** & *******
- *******.***
- ***-*****
- ******
- ******* **********
- *****
**-**-******
***'* ******** ***** **** *** ***** and *** ******* *** ************ **** multiple *******, *** *** ****.
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** **** ******* ******** **** ***, you ****, **** ********** *** ** a ******* ****, *** *** *** to ******* ******** **** *** **** have ** ************* ******** *** **** of *** ******* ** *** ********.
*******
***'* *********** ** ****** ** ****** them **** ************* ***** ********* ** Canada, ***** *** *******'* *** **** the ******* *** **** * *** units *** **** ***** ******* ********* in ********* ******* ********** *****. ** the *******'* ******** ***** **** ***** significantly ********* **** *********** *****, ** might *** **** **** *********** **** expanding *** *******'* ********.
******* ****** ************ ******* ************ ** Starcommsolutions.com ***** * ***** ** ***** by ********.
** *** *** ** *** ******, but ****** *********** ** ***** ***** store ******* **** ***** **** **** a **** ** * **** ***** within ***** ********, **** ** ******* and *********. **** ** **** ** do ******** **** ****, ** **** one ** *** ******** ** ** provide ********-**-*-******* *** ******* *** ******* off-hours **** *** ******/***** *** ******. We **** ***** *** *** ** our ********* *** **** **** **** talking ** *** ** *** ********** used ****, *** *** ********* *** not *** ***** ******.
*** **** *********** **** ** ** is ***** ******* (***** * **** from *** ******* ** ** ******* $3K/trailer/month). **** *** **** ***** ***** we *** *** ***** *********** *** in **** ****** (**** ** ***-*****). We **** ** ******* ******** ****** owners (*** ********* *** ******** **** 1 ** ** ** ** *******) and ******* ***********. * ***'* *** any ** *** ********* ***** ******* to *** $**/***** *** * * or * ****** ***** *******. * assume ***** ******* ** ******* ** the ******* ** ** * **** or ******** (*** *** ******* ***** are ******).
*** **** ******* ** *** ********/******* length ** ***** *********? ** *** some *********** *** *** ** **** shopping ****** ********* **** *****-**** ***** like *** "**** ***** *******" **** companies ****.