“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,” said LVT Co-founder and CEO, Ryan Porter. "LVT’s mission is to make the entire world safer and more secure. 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,” said Mike Lamb, Vice President Asset Protection & Safety at Kroger. 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%. With active discovery, deterrence, and defense, LVT customers see a more than 60% reduction in violent crimes on their properties. 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 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. LVT’s user-friendly, enterprise-grade solutions quickly 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.
LVT LIVE VIEW SERIES
SALT LAKE CITY, J- LiveView Technologies (LVT), the leader in intelligent safety and security ecosystems, has announced that it has raised $50M in Series B funding in collaboration with growth investment firm Sorenson Capital.
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