VisionTrack has launched a new US venture following its success in the UK, Ireland and Europe.
Based in California, the new company will hope to mirror its success in providing advanced AI video telematics solutions to fleets.
“This is an exciting next step for us following record levels of growth in the Europe during the first half of the year,” explained Simon Marsh, CEO of VisionTrack.
“Our hardware agnostic approach – meaning we are not tied to any one device manufacturer – makes us unique within the video telematics space and well placed to rapidly expand our North American presence. We are also committed to driving innovation by focusing on industry-leading data science, artificial intelligence (AI) and computer vision developments.”
VisionTrack will make their range of dashcams and multi-channel MDVRs available to the market along with their optional AI technology and Internet of Things platform, Autonomise.ai.
“We are actively seeking US opportunities that are the right fit for the business and support our growth strategy. Our parent company, Markerstudy, has recently received a £200m investment, so we have a war chest available to fund future acquisitions. Global turnover is forecasted to increase by more than 100% in 2021 and we believe VisionTrack Inc will make a significant, positive contribution to our financial performance,” Marsh added.
