NetradyneSaaS-powered, artificial intelligence (A.I.), powered by. A company that specializes in edge computing and driver safety, secured $65 million through a combination senior and junior mezzanine financing.
Silicon Valley Bank provided financing.
The financial resources will help accelerate the company’s business momentum, to expand its international growth to Mexico, and four European countries including France, Germany, Italy, and Spain by early 2023, and further develop its product suite.
Netradyne’s CEO and co-founder Avneesh Agrawal leverages Artificial Intelligence to offer fleet safety solutions that improve driver behavior and fleet performance. It gathers and analyzes data points to help customers improve safety, retention, profitability, transparency, and allow for greater transparency.
In five years, Netradyne’s Driver•i advanced A.I. technology analysed more than 5 billion miles driven and analyzed over 20 million minutes. This is a technology learning equivalent of 38,000 years training, which increases A.I. accuracy up to 98% for core features
The company currently operates in the U.S.A., India and Canada as well as Australia, New Zealand, UK, Australia, UK, Australia and Canada.