Netradyne, a SaaS provider of AI and edge computing, recently closed a $90 million Series D round led by Point72 Private Investments with participation from Qualcomm Ventures and Pavilion Capital. The capital infusion will accelerate the company’s growth trajectory through investment in R&D, go-to-market investments, and global expansion.
“Investing in Netradyne is about believing in safer roads and supporting professional drivers," Sri Chandrasekar, managing partner at Point72 Private Investments, said. "Since our initial investment in 2018, we've witnessed Netradyne's impressive growth and believe their technology is well-positioned not only to empower fleet managers but also to foster a culture of safe driving. We are excited to continue our partnership with Avneesh [Agrawal] and the Netradyne team as they advance their mission to transform the global transportation industry.”
Netradyne’s solutions offer an assessment of driver performance by analyzing 100% of drive-time data. Powered by advanced AI, Driver•i identifies both positive and negative driving behaviors, fostering trust and enabling effective in-cab coaching. In addition to promoting safer driving, these capabilities help fleets shield drivers from false claims, minimize collisions and insurance costs, optimize productivity, and simplify compliance management.
See also: Netradyne achieves drowsy driving detection accuracy with DMS Sensor
This funding comes on the heels of exciting growth. Since its founding in 2015, Netradyne has reached over 3,000 customers and over 450,000 active subscribers, serving customers across the U.S., Canada, Mexico, Germany, the U.K., Australia, New Zealand, and India, with planned expansion throughout Europe and Japan.
“The successful completion of our Series D funding round is a significant milestone for Netradyne and a testament to the confidence our investors have in our vision and innovative approach to AI-powered fleet safety solutions,” Avneesh Agrawal, CEO and co-founder at Netradyne, said. “This funding provides us with the resources to accelerate growth, expand our technology capabilities, and deliver even greater value to our customers worldwide. With this support, we are poised to scale our innovations globally, deepen our impact, and continue advancing safety and efficiency across the transportation industry, redefining what’s possible for fleets and communities alike.”
