Debt financing
Road safety tech firm Netradyne raises $65-M from Silicon Valley Bank
Netradyne, an artificial intelligence (AI) and edge computing focusing company, has secured USD 65 million (around Rs 518 crore ) in a combination of senior and junior mezzanine financing from Silicon Valley Bank (SVB). The financing will help accelerate Netradyne's business momentum, further development of its industry leading product suite, and global corporate expansion. The company's primary goal is to provide a scientific method to improve road safety and subsequently help fleets experience reduced accidents, higher safety scores, lower insurance costs and improved driver retention.
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