# Hi-Tech Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hi-tech-solutions

- Industry: Software
- Headquarters: Rishon LeZion, Israel
- Website: http://www.htsol.com
- Total disclosed funding: $3M
- Latest round: Series B (Jan 8, 2008)
- Investors on record: 1

## About

Hi-Tech Solutions Ltd. is a technology company specializing in advanced License Plate Recognition (LPR) and Automated Number Plate Recognition (ANPR) systems, enhancing security and operational efficiency for various sectors.Founded in 1992, Hi-Tech Solutions Ltd. is headquartered in Rishon LeZion, Israel, and focuses on innovative technology solutions. The company has engaged in two notable deals to date, with the most recent funding round being Series B completed on January 8, 2008, from Pegasus Capital Advisors, raising a total of USD 3.00 mn. The company's leadership includes CEOs Guy Nissenson and Shai Lustgarten.Hi-Tech Solutions Ltd. specializes in advanced technology solutions primarily centered on License Plate Recognition (LPR) and Automated Number Plate Recognition (ANPR) systems. Their core offerings include comprehensive parking management systems, security enforcement solutions, and commercial vehicle monitoring tools designed to enhance operational efficiency and security. The LPR systems are widely deployed in venues such as Las Vegas hotels and Penrose Hospital, enabling real-time vehicle identification to streamline parking processes. HTS’s technology has been implemented in over 50 countries, serving municipal authorities, hospitals, and private enterprises in markets such as the United States, Canada, and Australia.Revenue generation for Hi-Tech Solutions Ltd. occurs through direct sales and service agreements with business and government clients, primarily involving the sale of LPR systems and related software licenses. Transactions typically include maintenance and support contracts to ensure ongoing customer satisfaction. Clients engage HTS for tailored solutions, including hardware installations and cloud-based management systems, creating a recurring revenue stream through subscription-based services. Notable products include their SeeMobile platform and various ruggedized imaging units, integral to their customers' operational strategies.Hi-Tech Solutions Ltd. plans to leverage the recent Series B funding to support upcoming product advancements and geographical expansion. While specific new products are currently in the design phase, the company aims to enter new markets, with particular interest in expanding its footprint in Europe and Asia by the end of 2023. The funding from the Series B round will be instrumental in driving these initiatives forward.

## Funding rounds

- Series B, Jan 8, 2008, $3M — Pegasus Capital Advisors

## Investors

- Pegasus Capital Advisors (https://capitalatlas.ai/funds/pegasus-capital-advisors) — Series B