Netradyne secures $65 million in debt financing
Netradyne, a startup focusing on driver and fleet safety, has secured $65 million in a combination of senior and junior mezzanine financing from Silicon Valley Bank. The financing will help accelerate Netradyne’s “business momentum,” further development of its product suite, and global corporate expansion.
Netradyne’s solution is used by Amazon and in March, Munich Re added the company’s AI-enabled camera system to its list of approved risk solutions for commercial fleet clients. Aioi USA is also a partner.
“Our continued momentum is a testament to Netradyne’s focus on helping fleets succeed with industry-leading safety technology. After five years in business we have set some unprecedented market-leading best practices, and this round of funding from SVB will help propel us forward.” – Avneesh Agrawal, co-founder, and CEO of Netradyne.