Netradyne, a leading provider of artificial intelligence (AI) and edge computing solutions for fleet safety, has successfully raised $90 million in its Series D funding round. The round was led by Point72 Private Investments, with notable participation from Qualcomm Ventures and Pavilion Capital. This new funding will fuel Netradyne’s growth strategy, enabling further investment in research and development (R&D), enhanced market expansion efforts, and continued global reach.
Founded in 2015 by CEO Avneesh Agrawal and CTO David Julian, Netradyne has established itself as a key player in the AI-powered fleet safety and video telematics space. With its headquarters in San Diego, California, and additional offices in San Francisco and Bengaluru, India, Netradyne serves a global customer base spanning the United States, Canada, Mexico, Germany, the U.K., Australia, New Zealand, and India.
Netradyne’s flagship product, Driver.i, leverages cutting-edge AI technology to assess and improve driving behavior. The platform offers real-time analysis of both safe and unsafe driving patterns, providing valuable insights that help drivers improve their skills, reduce collisions, lower insurance premiums, and enhance overall productivity. Additionally, Driver.i aids in protecting drivers from false claims and simplifies compliance management for fleet operators.
With a growing customer base of over 3,000 clients and more than 450,000 active subscribers, Netradyne is positioned for rapid expansion. The company has plans to extend its footprint further into Europe and Japan while continuing to serve industries such as online retail, food and beverage, oil and gas, transportation, utilities, field services, passenger transit, and construction.
To date, Netradyne has raised more than $350 million in funding, including previous rounds in 2021 and 2022. The company’s early backers include Reliance Industries, led by Mukesh Ambani, signaling strong confidence in its potential for long-term success.
