Netradyne, a San Diego, CA-based SaaS leader in artificial intelligence (A.I.) and edge computing focusing on driver and fleet safety, announced that it 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.
Netradyne has also announced the latest additions to its executive leadership team and global headcount, recent executive hires and promotions include: Durgadutt Nedungadi - VP and General Manager, APAC and Europe, Heather Engen -VP of Customer Success, Pramod Akkarachittor -Vice President of Product Management, Tom Schmitt -Chief Financial Officer, and Michael Campos -Data Protection Officer
Netradyne also announced recent company milestones, including induction into Forbes AI Top 50 Companies to Watch list for 2022, Gold Stevie Award for Transportation Product of the Year (Driver•i D-430), and 2022 Corporate Excellence Award for Most Innovative Fleet Safety & Analytics Solutions Firm.
With this recent debt financing, Netradyne will expand its international growth to Mexico, and four European countries including France, Germany, Italy, and Spain by early 2023.
Company: Netradyne, Inc.
Round: Debt Financing
Funding Month: September 2022
Lead Investors: Silicon Valley Bank
Company Website: https://www.netradyne.com/
Software Category: Fleet Safety
About the Company: Netradyne is a SaaS leader in artificial intelligence (A.I.) and edge computing focusing on driver and fleet safety. Netradyne harnesses the power of Artificial Intelligence and Edge Computing to revolutionize the modern-day transportation ecosystem. It is an industry leader in fleet safety solutions, immediately improving driver behavior and fleet performance through core technologies like positive recognition. Netradyne collects and analyzes more data points and meaningful information than any other fleet safety organization so customers can enhance safety, improve retention, increase profitability, and enable end-to-end transparency. Organizations trust Netradyne to build a positive, safe, and driver-focused culture to take their business to the next level. Netradyne is currently operating in the U.S., India, Canada, the UK, Australia, and New Zealand.