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Lytx Announces Majority Investment from the Permira Funds

Largest-ever investment in video telematics values Lytx in excess of $2.5 billion Lytx Inc. and Permira, the global private equity firm, announced that a company backed by the Permira funds and co-investors have entered into a definitive agreement to acquire a majority stake in Lytx. The transaction values Lytx, a leading provider of machine vision and artificial intelligence-powered video telematics solutions for commercial, public sector and field services fleets, in excess of $2.5 billion. Fleets of every size and…

Frost & Sullivan Names Lytx “2019 Video Safety Solutions Company of the Year”

Video-Telematics Market Leader Lauded for Leading an Analytics-Driven Revolution, Innovating in Advance of the Market Along the Frontiers of Machine Vision and Artificial Intelligence Frost & Sullivan announced it has recognized San Diego-based Lytx® as the 2019 North American Video Safety Solutions Company of the Year. This distinction is based on a rigorous analysis of companies for their visionary innovation, market performance, and customer impact. "Lytx was the clear choice…