Netradyne, a leading provider of AI-powered fleet safety and video telematics solutions, has raised $90 million in a Series D funding round. The investment, led by Point72 Private Investments with participation from Qualcomm Ventures and Pavilion Capital, is poised to fuel the company’s research and development, go-to-market strategies, and global expansion efforts.
Aiming for Global Growth
Founded in 2015 by Avneesh Agrawal and David Julian, Netradyne has carved out a niche in the fleet safety sector with its innovative use of AI and edge computing. The company’s flagship product, Driver.i, analyzes driving behaviors to enhance safety, provide in-cab coaching, and simplify compliance management.
The funding comes at a time when the company is witnessing rapid growth. With headquarters in San Diego and offices in San Francisco and Bangalore, Netradyne serves customers in major markets, including the U.S., Canada, Mexico, Germany, the U.K., Australia, New Zealand, and India. Plans to expand further into Europe and Japan are already in motion.
Transforming Fleet Safety with Technology
At its core, Netradyne leverages advanced AI to support safer roads and more efficient fleet management. Its Driver.i system is designed to:
- Identify both good and risky driving behaviors.
- Provide in-cab coaching to improve driver performance.
- Protect drivers from false claims with real-time video evidence.
- Reduce collisions, insurance costs, and compliance headaches.
These features have made Netradyne a trusted partner for over 3,000 customers across industries such as online retail, food and beverage, oil and gas, transportation, utilities, passenger transit, and construction.
A Track Record of Big-Name Backers
Netradyne has now raised over $350 million in funding since its inception, attracting investors such as SoftBank Vision Fund, Qualcomm Ventures, and Mukesh Ambani’s Reliance Industries. In previous rounds, the company secured $65 million in September 2022 from Silicon Valley Bank and $195 million in July 2021 led by SoftBank.
Expanding the Reach of AI-Powered Solutions
With more than 450,000 active subscribers worldwide, Netradyne is positioned to lead advancements in fleet safety technology. Its focus on expanding into new markets, backed by substantial investment, underscores the growing demand for AI-driven safety and efficiency solutions.
The latest round of funding signals confidence in the company’s ability to deliver on its promise of creating safer roads while boosting operational efficiency for businesses.
Comments