LYT was founded with the mission to build better communities by reducing traffic congestion through advanced technology. The company's vision is to create efficient city transit systems that improve air quality and reliability of mass transit. LYT offers a cloud-based software platform that leverages connected vehicle and machine learning technologies to optimize the flow of public transport, emergency vehicles, and other traffic. This results in shorter travel times, less congestion, and enhanced overall urban mobility.

Notable affiliates and investors include experts in urban planning and transportation technology, though specific names are not publicly disclosed. Key achievements of LYT include successful deployments in multiple cities, leading to measurable reductions in traffic congestion and improvements in public transport reliability. The overall impact of LYT's solutions is seen in more efficient urban transit systems, contributing to better air quality and enhanced quality of life for city residents.