Geotab announced that it has surpassed four million subscriptions worldwide. The company reached three million subscriptions in 2022 and has added another million in just over a year.
Geotab said it attributes this growth to its ecosystem of more than 700 partners, continuous innovation, and collaboration in emerging areas like AI development.
“Twenty-three years ago, we were a company of two operating out of the basement of my home. Now, as I reflect on our incredible journey and remarkable growth in the last 15 months, it’s clear that the potential we saw in this industry many years ago has been proven out,” said CEO Neil Cawse.
Cawse further elaborated on the impact of reaching three million subscriptions last year.
“Since we reached three million subscriptions last August, Geotab-connected vehicles have traveled more than 89 billion kilometers; that’s about 594 trips to the sun. Because of this, we are able to deliver more impactful insights to our customers. We’re informing them when an engine may fail before it fails or the likelihood of a collision. We are incorporating generative AI to reduce time to insight. Through these innovations, we are driving better business decisions and more meaningful outcomes,” he added.