Netradyne Accelerates Momentum: Secures $65 Million In Debt Financing From Silicon Valley Bank To Fast-Track Growth

Sep 07, 2022•over 3 years ago

Amount Raised

$65 Million

San DiegoFleet ManagementPublic SafetyTransportation

Description

Netradyne, a SaaS leader in artificial intelligence (A.I.) and edge computing focusing on driver and fleet safety, today announced it has secured $65 million in a combination of senior and junior mezzanine financing from Silicon Valley Bank. The financing will help accelerate Netradyne’s business momentum, further development of its industry-leading product suite, and global corporate expansion.

Company Information

Company

NetraDyne

Location

Towne Centre Drive

San Diego, California, United States

About

Netradyne® provides AI-powered technologies for safer roads. An award-winning industry leader in fleet safety and video telematics solutions, Netradyne empowers thousands of commercial fleet customers across North America, Europe, and Asia to enhance their driver performance, reduce risk, and optimize operations. Netradyne sets the standard among transportation technology companies for enhancing and sustaining road safety, with an industry-leading 20+ billion miles vision-analyzed for risk and an industry-first driver scoring system that reinforces safe behaviors. Founded in 2015, Netradyne is headquartered in San Diego with offices in San Francisco and Bangalore.

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Netradyne Accelerates Momentum: Secures $65 Million In Debt Financing From Silicon Valley Bank To Fast-Track Growth

Description

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