About Lytx
Lytx is a company based in San Diego (United States) founded in 1998 was acquired by Permira in January 2020.. Lytx has raised $153.4 million across 9 funding rounds from investors including Volvo Group, Permira and HarbourVest Partners. The company has 28 employees as of April 07, 2024. Lytx offers products and services including Fleet Safety, Fleet Tracking, Digital DVIR, Lytx+, and DriveCam. Lytx operates in a competitive market with competitors including Nexar, Smart Eye, Nextbase, Waylens and Gatekeeper Systems, among others.
- Headquarter San Diego, United States
- Employees 28 as on 07 Apr, 2024
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Sectors
TechnologyIndustrial Goods & Manufacturing Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
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- Legal Name Lytx India Technologies Private Limited
- Date of Incorporation 20 Sep, 2021
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$961.58 K (USD)2493.12as on Mar 31, 2023
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Net Profit
$64.92 K (USD)124.98as on Mar 31, 2023
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EBITDA
$143.82 K (USD)162.14as on Mar 31, 2023
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Total Equity Funding
$153.4 M (USD)
in 9 rounds
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Latest Funding Round
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Investors
Volvo Group
& 14 more
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Employee Count
28
as on Apr 07, 2024
- Acquired by
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Products & Services of Lytx
Lytx offers a comprehensive portfolio of products and services, including Fleet Safety, Fleet Tracking, Digital DVIR, Lytx+, and DriveCam. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI-powered program to prevent accidents and enhance driver safety.
Video-enhanced GPS for monitoring fleet performance and efficiency.
App-based workflows for vehicle inspections and asset protection.
All-in-one solution combining video safety and telematics features.
Advanced camera for fleet monitoring and accident prevention.
Technology for real-time video insights in fleet operations.
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Funding Insights of Lytx
Lytx has successfully raised a total of $153.4M across 9 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Last Round
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First Round
First Round
(01 Jun 1999)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2018 | Amount | Private Equity Round - Lytx | Valuation | HarbourVest Partners , PSP Investments |
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| Feb, 2013 | Amount | Series D - Lytx | Valuation |
investors |
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| Nov, 2011 | Amount | Series D - Lytx | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Lytx
Lytx has secured backing from 15 investors, including venture fund and institutional investors. Prominent investors backing the company include Volvo Group, Permira and HarbourVest Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private market investment solutions are offered to institutional clients.
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Founded Year | Domain | Location | |
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Private equity investments and firm management in Chicago.
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Founded Year | Domain | Location | |
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Lower and mid-market investments are managed through private equity strategies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Lytx
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Lytx
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lytx Comparisons
Competitors of Lytx
Lytx operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Nexar, Smart Eye, Nextbase, Waylens and Gatekeeper Systems, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-driven dashcams and road safety solutions are provided for drivers.
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| domain | founded_year | HQ Location |
AI-powered driver monitoring systems are developed for vehicles.
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| domain | founded_year | HQ Location |
Dash cameras and automotive accessories are supplied by Nextbase.
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| domain | founded_year | HQ Location |
AI and cloud-enabled video-security solutions are offered for fleet monitoring.
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| domain | founded_year | HQ Location |
High-resolution video security systems for mobile applications are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lytx
Frequently Asked Questions about Lytx
When was Lytx founded?
Lytx was founded in 1998 and raised its 1st funding round 1 year after it was founded.
Where is Lytx located?
Lytx is headquartered in San Diego, United States. It is registered at San Diego, California, United States.
Is Lytx a funded company?
Lytx is a funded company, having raised a total of $153.4M across 9 funding rounds to date. The company's 1st funding round was a Series D of $85M, raised on Jun 01, 1999.
How many employees does Lytx have?
As of Apr 07, 2024, the latest employee count at Lytx is 28.
What is the annual revenue of Lytx?
Annual revenue of Lytx is $961.58K as on Mar 31, 2023.
What does Lytx do?
Lytx was founded in 1998 in San Diego, United States, as a technology firm focused on the transportation sector. Video-based safety and telematics solutions are offered to fleet operators, with machine vision and artificial intelligence employed to assess driver behavior, enhance safety monitoring, and deliver operational data. Services support cost management and efficiency across vehicle fleets in various industries.
What products or services does Lytx offer?
Lytx offers Fleet Safety, Fleet Tracking, Digital DVIR, Lytx+, and 2 more products and services.
Who are Lytx's investors?
Lytx has 15 investors. Key investors include Volvo Group, Permira, HarbourVest Partners, Welsh, Carson, Anderson & Stowe, and Guggenheim Investments.
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