Netradyne, a leading SaaS company specializing in artificial intelligence (AI) and edge computing, has successfully raised $90 million in its Series D funding round. This funding was led by Point72 Private Investments, with additional support from Qualcomm Ventures and Pavilion Capital. The funds will be used to fuel the company’s growth through research and development (R&D), enhanced market strategies, and global expansion efforts.
What Does Netradyne Do?
Founded in 2015 by Avneesh Agrawal (CEO) and David Julian (CTO), Netradyne focuses on AI-powered fleet safety and video telematics solutions. Its flagship product, Driver•i, leverages advanced AI to analyze 100% of drive-time data, providing a detailed evaluation of driver performance.
Driver offers unmatched accuracy in identifying both positive and negative driving behaviors. This enables fleet managers to foster trust, improve driver coaching, and create a safer driving environment. Additionally, the technology helps reduce collisions, insurance costs, and false claims, while enhancing productivity and simplifying compliance management.
Netradyne’s innovative solutions are trusted by customers in countries including the United States, Canada, Mexico, Germany, the U.K., Australia, New Zealand, and India.
What Do the Investors Say?
Sri Chandrasekar, Managing Partner at Point72 Private Investments, expressed confidence in Netradyne’s mission, saying, “Investing in Netradyne is about supporting safer roads and empowering professional drivers. Since our initial investment in 2018, we’ve seen the company’s impressive growth. Their technology not only helps fleet managers but also promotes a culture of safe driving. We’re excited to continue our partnership as they transform the global transportation industry.”
Avneesh Agrawal, CEO and Co-Founder of Netradyne, highlighted the importance of this milestone, stating, “Completing our Series D funding round is a significant achievement for Netradyne. It reflects the trust our investors have in our vision and innovative approach to AI-powered fleet safety solutions. With this funding, we are ready to accelerate growth, expand our technology capabilities, and deliver greater value to customers worldwide. Our goal is to scale innovations globally, enhance safety, and redefine fleet operations for communities everywhere.”
Driving Safer Roads and Global Expansion
Netradyne’s commitment to advancing fleet safety and efficiency has positioned it as a leader in the industry. With the new funding, the company aims to deepen its impact on global transportation, improve road safety, and empower fleet managers with cutting-edge AI solutions.
This investment will not only help Netradyne strengthen its technological capabilities but also expand its presence in key markets, ensuring that fleets worldwide benefit from safer and more efficient operations.
