Other Deals
Fleet safety tech provider Netradyne raises $150-M led by SoftBank
San Diego, CA (USA)- and Bengaluru-based Netradyne Technology, an AI-based fleet safety solutions vendor, has raised USD 150 million in Series C funding round led by SoftBank Vision Fund, at a valuation of nearly USD 1 billion. Existing investors Point72 Ventures and M12 also participated in the round. The company plans to utilise the capital to expand into markets such as Europe, Australia and New Zealand, apart from advancing core R&D and recruiting more people. Netradyne uses cameras and computer vision to detect road signs, driving etiquette, driver fatigue and distracted driving. It prompts drivers and delivers analytics to fleet operators, helping improve safety and efficiency. The fleet technology startup has over 1,000 customers in the US and India. It currently employs more than 300 people and plans to double that over next 12 months.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
