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.
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The post This SoftBank Group-Backed Company Raised $150M To Expand Its Fleet Safety Platform Into Europe appeared first on CB Insights Research.