Netradyne snags $90M at $1.35B valuation to expand smart dashcams for commercial fleets

Distracted driving is one of the leading causes of car accidents and a major factor in auto insurance premiums Expected to increase in 2025. For commercial fleets, it’s a nightmare. But for California-based startup Netradin, it’s a tailwind.

Netradine Also provides fleet owners Big names like AmazonWith AI-enabled dashcams that collect vehicle data and video to improve driver safety, accidents are reduced by about 50%, according to the company. The devices, which can be equipped with interior- and exterior-facing cameras, use edge computing to send drivers real-time notifications if they are distracted or driving dangerously, and reward drivers for good behavior.

TechCrunch reports the latest Netradyne’s $150 million Series C in 2021, and since then the company has expanded beyond North America and India to Germany, the UK, Australia and New Zealand. For that growth in Ireland and Japan in the coming months, Netradyne just raised a $90 million Series D round at a pre-money valuation of $1.35 billion led by Point72 Private Investments with participation from Qualcomm Ventures and Pavilion Capital.

And with great expansion comes great data. Over the years, Netradyne has accumulated 18 billion miles worth of data, which the company says has helped improve the product to 99% alert accuracy and 25 million better compliance scores.

In addition to global expansion, the new capital will go towards product development and increased market-to-market investment.

Today, fleets can access Netradyne’s Safety Manager Assistant, an AI-powered co-pilot that offers a natural language interface to the company’s portal and uses generative AI to converse about data and insights. Avnish Agarwal, CEO and co-founder of Netradyne, told TechCrunch that the company will invest more in generative AI, adding additional use cases for its co-pilot and more “agentic approach.”

Agrawal also noted that Netradyne will use its massive data to develop foundational driving models with a focus on corner case driving scenarios to improve autonomous driving technology.

“We have rich vision data analyzing every aspect of road and driving behavior and reading various road signs. Nobody in the autonomous industry has this kind of data,” Agrawal said. “Our goal now is to train a driving model using generative AI to detect these edge cases.”

He added that Netradyne does not intend to develop its own AV technology, but to partner with others and offer startups data and insights.

Netradyne’s customers operate in online retail, food and beverage, oil and gas, utilities, construction and more. The startup offers two main products. The first is a quad-view dashcam that gathers footage from road-facing, driver-facing and two side window cameras into one easy-to-install device. It captures driver behavior, reduces blind spots and provides evidence in the event of an accident. The second is a dual-view camera, which faces both the road and the driver.

Fleet owners who need more visibility can use the Hub-X add-on, an extension of the dashcam that supports four additional cameras for placement anywhere, such as on the back of a bus.

The startup also offers a driver monitoring solution that can be added to quad cameras using a dedicated sensor to detect drowsy driving behavior with nighttime detection and the ability to see through most sunglasses, according to the company.

In response to concerns about driver privacy, Agrawal said Netradyne is GDPR-compliant and does not externally provide drivers with personally identifiable information.

“Investing in Netradyne is about believing in safer roads and supporting professional drivers,” said Shri Chandrashekar, Managing Partner, Point72 Private Investments. “Since our initial investment in 2018, we have witnessed Netradyne’s impressive growth and believe their technology is well-positioned to not only empower fleet managers but also foster a culture of safe driving.”

Netradyne has grown 65% in the past 12 months and expects to be net profitable in the coming year, Agrawal said.

This article has been updated to reflect Netradyne’s new assessment.