US-based startup Netradyne has raised $150 million in Series C led by Softbank. Existing investors Point72 Ventures and M12 – Microsoft’s Venture Fund also participated in the funding round.
Avneesh Agrawal and David Julian founded Netradyne in 2015. The startup employs cameras and edge computing to enable better commercial driver safety.
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“This investment by SoftBank solidifies our global marketplace leadership position in fleet safety technology. With this new infusion of capital, we will invest even more deeply into advanced AI technology and accelerate our international expansion – all in support of furthering our mission to create safer roadways for all,” said Avneesh Agrawal, CEO, Netradyne.
The company will use the fresh capital to develop core technology, expand into new geographies and accelerate hiring across R&D, marketing, and customer support.
“The investment will help push Netradyne into overdrive, and fuel further innovation and growth. We are advancing industry-first product innovations that will not only enable our customers to solve today’s fleet safety challenges, but also gain deeper insights into the data for more informed decision making,” as per the company.