Thruvision Group plc
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Thruvision Group plc - overview
Established
2009
Location
London, -, UK
Primary Industry
Electronics
About
Thruvision Group plc provides advanced video surveillance solutions that utilize patented technology for real-time video streaming, enhancing security and operational efficiency across various sectors globally. Founded in 2009, Thruvision Group plc, based in London, UK, specializes in video surveillance technology. The company was established by Zak Doffman, who has a history of founding technology companies. Thruvision has not undergone pivots in strategy or operations since its formation.
Thruvision specializes in advanced video surveillance solutions that leverage their patented TVI compression technology, enabling real-time video streaming over cellular networks. Their flagship products include the EdgeVis platform, which integrates seamlessly with existing camera systems to optimize bandwidth usage, achieving data savings of up to 90%. This technology addresses specific challenges in uplink video transmission, making it suitable for federal agencies in the US, UK, and various other global markets. The company's solutions cater to diverse sectors such as law enforcement, utilities, transportation, and construction, providing critical monitoring and analytics capabilities.
By offering a flexible deployment model, Thruvision enables clients to protect public safety and enhance operational efficiency in monitoring key sites across urban environments and infrastructure. In the most recent fiscal year 2024, Thruvision reported a revenue of USD 8. 85 mn and an EBITDA loss of USD 10. 51 mn.
Thruvision aims to develop new products enhancing their existing video surveillance offerings and plans to expand into additional markets, specifically targeting sectors in Europe and North America by the end of 2025. The recent funding will be utilized to support these product developments and market expansion initiatives.
Primary Industry
Electronics
Sub Industries
Electronic Components
Website
www.digitalbarriers.com
Total Amount Raised
Subscriber access only
Thruvision Group plc - timeline of key events
Thruvision Group plc - financials
| Fiscal Year Ended | Mar 31, 2011 | Mar 31, 2012 | Mar 31, 2013 | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 1,199,220 | 4,932,866 | 17,393,725 | 17,803,302 | 18,657,821 | 17,331,064 | 14,484,223 | 10,940,798 | 19,689,239 | 18,594,500 | 22,309,946 | - | - | - |
| % Revenue Growth (YoY) | - | 311.3% | 252.6% | 2.4% | 4.8% | (7.1%) | (16.4%) | (24.5%) | 80.0% | (5.6%) | 20.0% | - | - | - |
| EBITDA (USD) | (1,859,663) | (3,298,254) | (3,113,673) | (7,083,493) | (9,574,975) | (3,790,210) | (16,454,076) | 45,951,404 | 1,245,577 | (524,895) | 312,229 | - | - | - |
| Operating Income (USD) | (2,314,805) | (4,066,631) | (7,587,174) | (14,263,202) | (16,797,955) | (4,277,317) | (16,992,598) | 45,575,373 | 782,962 | (955,381) | (186,031) | - | - | - |
| Operating Margin | (193.0%) | (82.4%) | (43.6%) | (80.1%) | (90.0%) | (24.7%) | (117.3%) | 416.6% | 4.0% | (5.1%) | (0.8%) | - | - | - |
| % EBITDA Margin | (155.1%) | (66.9%) | (17.9%) | (39.8%) | (51.3%) | (21.9%) | (113.6%) | 420.0% | 6.3% | (2.8%) | 1.4% | - | - | - |
| NET Income (USD) | (2,352,408) | (4,093,052) | (8,993,767) | (15,495,236) | (16,176,238) | (6,702,745) | (16,682,056) | 46,566,762 | 665,170 | (1,299,900) | (618,298) | - | - | - |
| % Net Margin | (196.2%) | (83.0%) | (51.7%) | (87.0%) | (86.7%) | (38.7%) | (115.2%) | 425.6% | 3.4% | (7.0%) | (2.8%) | - | - | - |
Thruvision Group plc - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Corporate Carve Out | Completed | Digital Barriers Services Limited | - |
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Thruvision Group plc - employee data
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