Netradyne raises $90 million
Netradyne, a provider of fleet safety solutions, announced the close of a $90 million Series D round led by Point72 Private Investments with participation from Qualcomm Ventures and Pavilion Capital.
Founded in 2015, Netradyne offers AI-enabled fleet management and safety solutions such as video telematics and driver behavior monitoring. The company has over 3,000 customers and over 450,000 active subscribers, serving customers across the US, Canada, Mexico, Germany, the UK, Australia, New Zealand, and India, with planned expansion throughout Europe and Japan. Netradyne’s customers include some of the biggest names in global online retail, food and beverage, oil and gas, transportation, utilities, field services, passenger transit, and construction.
The company also works with insurance brokers and captives to create insurance programs that leverage its solutions.
“Investing in Netradyne is about believing in safer roads and supporting 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. We are excited to continue our partnership with Avneesh and the Netradyne team as they advance their mission to transform the global transportation industry.” – Sri Chandrasekar, Managing Partner at Point72 Private Investments.
“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. 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.” – Avneesh Agrawal, CEO and Co-Founder at Netradyne.
