Netradyne loads up on funding for edge AI, truck safety tech

Netradyne loads up on funding for edge AI, truck safety tech

Netradyne, a startup that uses cameras and edge computing to improve commercial driver safety, has scored $150 million in Series C funding. The investment was led by SoftBank Vision Fund, with participation from existing investors Point72 Ventures and M12.

Netradyne’s system claims to reward good driver behavior while sending real-time notifications to drivers for risky driving. Fleet managers have access to analytics for drivers, including a ranking system showing a fleet’s best drivers, metrics combining distance and safety, and metrics for fuel-efficiency. The system offers a dashboard that lets managers quickly review the most egregious safety incidents via video from the cab.

The company, which has now raised over $197M, said it will expand outside its current markets in North America and India and into Europe. The pitch is that the fleet should see a reduction in accidents and then take that data to insurance companies to negotiate better claims.

The news comes after Netradyne announced that ​​National Interstate Insurance Company and its subsidiaries added Netradyne’s vision-based Driveri AI-powered camera technology to their camera program, allowing National Interstate’s policyholders the ability to utilize the safety technology.

Netradyne vision-based Driveri AI-powered camera technology

Source: Netradyne

Netradyne’s funding comes as other companies are making inroads with auto manufacturers, autonomous vehicle development companies, and others. One Stop Systems, for example, recently secured a big win for its edge AI hardware systems with an AV trucking company.

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