Wednesday, April 14, 2021

Lytx Sees Record Revenues

San Diego-based driver safety and monitoring equipment maker Lytx says it has set its all time record revenue in 2020, as a result of a 63% increase in new customers. According to the company, it secured more than 100,000 new and upgraded subscriptions. The company did not say what drove the increased adoption of its service in 2020, but the company received a big investment from private equity investor Permira earlier in the year. The company's video telematics offerings are used for monitoring vehicle driving to help reduce risky drive behavior.

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