“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.” 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,” says LiveView Technologies Co-Founder and CEO, Ryan Porter. “LVT’s mission is to make the entire world safer and more secure. Related: Assessing AI: Realistic Implementations for Security, Safety & Operational Uses Various public and private sector customers currently deploy LVT systems for a wide range of use cases, from enhancing visitor safety with remote visibility into traffic and weather conditions in Yellowstone National Park, to increasing visitor and parking lot security at professional sports stadiums and entertainment venues, to monitoring for unidentified aircraft with autonomous alerts for real-time situational awareness, and more. LVT says its solar-powered trailers with mounted cameras have become a common sight across the country at big-box retailers and construction sites, but are also used beyond these traditional commercial environments. For asset protection leaders, this is the most important outcome because employee and customer safety is our top priority.” Since partnering with LVT over a year ago, it dropped to zero. “They are currently supporting one retail location that averaged 15 incidents of gun violence per year. “LVT doesn’t just record incidents, they help prevent and deter them entirely,” says Mike Lamb, former asset protection and safety leader for Kroger, Walmart and The Home Depot. Just the physical presence and visibility of LVT’s on-site security towers outside retail locations have helped many customers reduce theft by over 65%, and theft-related shrink costs by more than 85%, according to the company. With active discovery, deterrence and defense, LVT customers are said to see a more than 60% reduction in violent crimes on their properties. LVT adds 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. Related: 2022 Video Surveillance Deep Dive: COVID, Supply Struggles Put Dent in Profits LVT says it 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. With demand for LVT’s rapidly deployable commercial security systems increasing across both public and private sectors, the company has grown 514% from last year’s valuation, according to the company. LVT’s enterprise-grade solutions secure any physical environment using intelligent automation and actionable, real-time data. Rob Rueckert, Partner at Sorenson Capital, will join LVT’s Board of Directors. Miller Group and previous investment partners, Lead Edge Capital and Pelion Venture Partners. The company’s recurring revenue has grown 133% in the last year, and averaged over 100% in the last five years. SALT LAKE CITY - LiveView Technologies (LVT), a provider of intelligent safety and security ecosystems, announces it has raised $50 million in Series B funding in collaboration with growth investment firm Sorenson Capital.
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