Netradyne Scoops Up $150M Series C Round
Summary
Netradyne, a leader in artificial intelligence (AI) and edge computing focusing on driver and fleet safety, today announced a $150 million, Series C funding led by SoftBank Vision Fund 2*, with participation from existing investors Point72 Ventures and M12. This financing, along with earlier investments, brings Netradynes total capital raised to over $197 million. Netradyne will use the new funding to advance its core technology, expand into new geographies and accelerate hiring across R&D, marketing, and customer support. Netradyne collects and analyzes more data points and meaningful information than any other fleet safety organization so customers can improve retention, increase profitability, enhance safety, and enable end-to-end transparency. Organizations trust Netradyne to build a positive, safe, and driver-focused culture, so they can take their business to the next level.