# Surf Communication Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/surf-communication-solutions

- Industry: Hardware
- Headquarters: Yokneam Illit, Israel
- Website: www.surfsolutions.com
- Total disclosed funding: $33M
- Latest round: Series D (Oct 19, 2005)
- Investors on record: 7

## About

Surf Communication Solutions, Ltd. specializes in providing advanced video telematics solutions, enhancing fleet safety and operational efficiency through innovative technology.Founded in 1996, Surf Communication Solutions, Ltd. is based in Yokneam Illit, Israel, focusing on video telematics solutions. The company has engaged in a total of 7 deals, with the latest funding round occurring on July 31, 2006, where it raised USD 8 mn led by Poalim Ventures and other investors. Avi Fisher serves as the CEO of the company.Surf Communication Solutions, Ltd. offers the Lytx Surfsight Solution, a comprehensive video telematics platform centered around its flagship product, the Surfsight AI-14 dash cam. This device employs advanced machine vision and artificial intelligence (MV+AI) to real-time monitor driving behaviors, detect risky patterns, and provide immediate alerts. The Surfsight suite is tailored for fleet safety management, granting operators access to live and recorded footage for incident reconstruction and driver coaching, serving various sectors including transportation and logistics across North America, Europe, and Latin America.The company generates revenue primarily through subscription models, where clients pay for access to the Surfsight platform and its associated services. Transactions mainly occur between Lytx and business clients, with subscription fees based on fleet size and service level. The offerings include video safety technology, telematics data, and incident management tools, ensuring a robust revenue model focused on long-term partnerships and customer retention.Surf Communication Solutions, Ltd. intends to leverage the USD 8 mn raised in July 2006 to enhance product development and expand its market reach. The company is focused on launching upcoming products designed to advance its video telematics offerings. Plans include expanding into new geographic regions, specifically targeting markets in Asia by 2025, to address the growing demand for fleet safety solutions.

## Funding rounds

- Series D, Oct 19, 2005, $4M — Pitango, Giza Venture Capital, Texas Instruments Incorporated
- Series C, Dec 17, 2001, $21M — Pitango, Giza Venture Capital, Catalyst Investments, Motorola, Sadot Research and Development Fund Ltd, B.O.S. Better Online Solutions Ltd.
- Series B, Sep 1, 1999, $8M — Pitango, Texas Instruments Incorporated

## Investors

- Pitango (https://capitalatlas.ai/funds/pitango) — Series B, Series C, Series D
- Texas Instruments Incorporated — Series B, Series D
- Giza Venture Capital (https://capitalatlas.ai/funds/giza-venture-capital) — Series C, Series D
- Catalyst Investments (https://capitalatlas.ai/funds/catalyst-investments) — Series C
- Motorola — Series C
- Sadot Research and Development Fund Ltd — Series C
- B.O.S. Better Online Solutions Ltd. — Series C