January 20, 2025: NetraDyne, plans to invest $90 Million to expand its global footprint, enhance its go-to-market investments, and accelerate strategic investments in R&D for its safety and fleet management solutions. The company claims it is pioneering a new era of driver-focused technology backed by over 18 billion vision-analyzed driving miles.
“This successful funding round 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,” said Avneesh Agrawal, CEO and Co-founder at Netradyne.
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.”
Netradyne utilises artificial intelligence and edge computing to deliver safety solutions for drivers and fleets. Its clientele spans various industries, including food and beverage, oil and gas, transportation, utilities, field services, and passenger transit.
NetraDyne to expand R&D capabilities and Global Outreach
Founded in 2015, the company claims to have over 3,000 customers and over 4.5 lakh active subscribers across the globe including the United States, Canada, Mexico, Germany, the UK, Australia, New Zealand, and India.
Netradyne’s solutions offer a comprehensive, and accurate assessment of driver performance by analyzing 100% of drive-time data. Powered by advanced AI, Driver•i delivers unparalleled accuracy in identifying 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.
The startup has secured over $218 million through multiple funding rounds. Its most recent round, in September 2022, included $65 million in debt financing, comprising both senior and junior mezzanine loans from Silicon Valley Bank.
The US- and Bengaluru-based startup raised the fresh capitalin a Series D funding round led by Point72 Private Investments, along with participation from Qualcomm Ventures and Pavilion Capital.
