Netradyne leverages cameras and sensors to monitor driver performance. Here are the top-line bullets you need to know.
Netradyne, an AI-based platform for fleet safety, has raised $150M in a Series C that drew participation from SoftBank Group, M12, and Point72 Ventures.
How’s the company performing?
- Calfornia-based Netradyne uses computer vision and in-depth data analysis to improve fleet safety.
- The company reported that it collects roughly 700M miles of data every month.
- Netradyne anticipates $100M in annual recurring income this year after witnessing a threefold increase in revenue last year.
- It has more than 1,000 customers in the United States and India, including Halvar Lines, Fuchs, ALTL, and LeSaint, among others.
Source: Netradyne
Why does the market matter?
- The global telematics market is projected to grow at a CAGR of 15.9% to reach a value of $62.6M by 2026, according to Market Research Future.
- Large players such as Robert Bosch, AT&T, Continental, LG Electronics, and Verizon are leading the worldwide telematics solutions industry.
