Netradyne, a global startup in fleet safety that leverages AI and edge computing, has raised $90 million in a Series D funding round for its innovative Driver•i video telematics solution, driving global expansion to revolutionize commercial transportation.

The funding was led by Point72 Private Investments, with Qualcomm Ventures and Pavilion Capital participating. This funding is set to propel the company’s research and development, global expansion, and enhanced go-to-market strategies.

“The successful completion of our Series D funding round is a significant milestone for Netradyne and a testament to the confidence our investors have in our vision and innovative approach to AI-powered fleet safety solutions,” said Avneesh Agrawal, CEO and Co-Founder at Netradyne.

Agarwal said about the funding, “This funding 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.”

Netradyne Transforming Fleet Safety with AI

Established in 2015 by Avneesh Agrawal and David Julian, Netradyne is at the forefront of fleet safety technology, leveraging AI-powered video telematics to revolutionize commercial fleets’ operations. The company’s flagship product, Driver•i, analyzes 100 percent of drive-time data to assess driver performance accurately. It is the only solution in the market that recognizes positive driving behaviors alongside negative ones.

Driver•i promotes safer driving by coaching drivers in real-time and protecting them against false claims. With features that reduce collisions, lower insurance costs, and improve compliance management, Driver•i has become a game-changer for industries like transportation, online retail, oil and gas, and food and beverage.

“Since our initial investment in 2018, we’ve witnessed Netradyne’s impressive growth and believe their technology is well-positioned to empower fleet managers and foster a culture of safe driving. We are excited to continue our partnership with Avneesh and the Netradyne team as they advance their mission to transform the global transportation industry,” said Sri Chandrasekar, Managing Partner at Point72 Private Investments.

Rapid Growth and Global Presence

Netradyne has grown exponentially, serving over 3,000 customers and more than 450,000 active subscribers across the United States, Canada, Mexico, Germany, the U.K., Australia, New Zealand, and India. With plans to expand into Europe and Japan, the company is solidifying its global footprint in the fleet technology market.

This recent funding has brought Netradyne’s total capital to over $350 million. Past investments include $65 million from Silicon Valley Bank in 2022 and $195 million in 2021, led by SoftBank Vision Fund. Early support from Mukesh Ambani-led Reliance Industries underscores the company’s strong backing.

Netradyne’s commitment to innovation and safety is transforming how fleets operate. By analyzing over 18 billion driving miles, the company’s technology fosters trust, improves driver retention, and enhances fleet performance globally. With this latest funding, Netradyne is poised to make roads safer worldwide.

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