Netradyne, a startup that focuses on comprehensive, real-time driver analytics to encourage safer driver behaviour, has received $12 million in Series B financing from Microsoft’s corporate venture arm M12 along with smaller contributions from Point72 Ventures and Reliance Industries. Netradyne has now raised $37 million through two funding rounds.
The company said it will use its Series B money to increase volume, expand its sales and marketing team, and explore further developments in hardware. It may also decide to move into data analytics for the insurance industry.
More on Netradyne in this report from CDO Review:
Netradyne is pushing forward vision intelligence to understand vehicle movement on the road. “Our goal is to develop technology that provides complete context around driver experience. In simple terms, being able to watch literally with our intelligent camera systems – every minute of the driving day of each driver and with as much information as possible,” said (Netradyne President Sandeep) Pandya.
Netradyne’s sensors and situationally-aware cameras provide a 360-degree vision around the truck and record data in high definition, which is then sent to AI and deep learning models which detect and characterize positive and coachable driver behavior. The company provides feedback to the driver and the fleet manager through a cloud-based dashboard solution, all in real-time.
