Netradyne Secures $90 Million in Series D Funding to Revolutionize Fleet Safety and Expand Globally

Netradyne, a number one SaaS supplier of AI-powered fleet administration and edge computing, introduced securing $90 million in a Sequence D funding spherical. This newest capital inflow will probably be put towards dashing the expansion of the corporate by means of investments in analysis and growth and aggressive enlargement into markets globally.

Point72 Personal Investments led the Sequence D funding, Qualcomm Ventures, Pavilion Capital amongst these notable individuals who want to see Netradyne emerge additional because the world chief in industrial fleet expertise.

Complete Funding Reaches $308 million:

On this spherical, Netradyne has raised a complete of $308 million in funding up to now by traders together with SoftBank Vision Fund, Hyundai Cradle, and Reliance Industries, as reported by knowledge aggregator Tracxn. Whereas the corporate hasn’t disclosed its valuation post-funding, such a big funding exhibits confidence from the investor facet.

“The profitable completion of our Sequence D funding is a testomony to the arrogance our traders have in our imaginative and prescient and progressive method to AI-powered fleet security options,” stated Avneesh Agrawal, CEO and Co-Founding father of Netradyne.

Reinventing Fleet Security by means of AI-Powered Options:

Netradyne is reimagining the normal driver efficiency and fleet security method. Its flagship product, Driver•i, applies over 18 billion vision-analyzed driving miles to acknowledge constructive driving behaviors which are strengthened to attenuate accidents and enhance driver retention, decrease insurance coverage prices, and optimize fleet productiveness and monitoring.

“This funding supplies us with the assets to speed up progress, increase our expertise capabilities, and ship even higher worth to our prospects worldwide. With this help, we’re poised to scale our improvements globally, deepen our influence, and proceed advancing security and effectivity throughout the transportation trade, redefining what’s potential for fleets and communities alike,” Agrawal added.

Support from Long-Term Investors:

Sri Chandrasekar, managing partner at Point72 Private Investments, pointed out that this partnership is focused on safer roads and professional drivers.

“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,” Chandrasekar stated. “We are excited to continue our partnership with Avneesh and the Netradyne team as they advance their mission to transform the global transportation industry.”

Comprehensive AI Capabilities for Fleet Management:

Netradyne’s Driver•i solution offers a robust driver performance assessment by analyzing 100% of drive-time data. Powered by advanced AI, it identifies positive and negative behaviors of drivers with accuracy, building trust and permitting effective in-cab coaching. These capabilities protect drivers from false claims, reduce collisions, lower insurance costs, improve productivity, and ease compliance management.

Impressive growth and wide geographical reach:

Since its inception in 2015, Netradyne has grown incredibly well, with over 3,000 customers and more than 450,000 active subscribers across the globe. The company operates in regions including the United States, Canada, Mexico, Germany, the UK, Australia, New Zealand, and India. Plans for expansion into Europe and Japan are already underway.

Netradyne’s customers include some of the biggest names in various industries, including e-commerce, food and beverage, oil and gas, transportation, utilities, field services, passenger transit, and construction.

Bright Future for Netradyne:

This funding milestone reflects the company’s commitment to driving innovation and reshaping fleet management through AI and edge computing technologies. As it continues further expansion and technological advancements, Netradyne is well-positioned to transform fleet safety and performance across global markets.

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