Funding News: SaaS based Startup 'Netradyne' secures $90 million in Series D

Startup: Netradyne

Founders: Avneesh Agrawal and David Julian

About us: Netradyne delivers AI-powered fleet safety and video telematics solutions. Headquartered in Bangalore, India, the company serves clients across the world. It is also planning expansions into Europe and Japan. Currently, Netradyne supports over 3,000 customers and has more than 450,000 active subscribers’ worldwide, spanning diverse industries.

Founded Year: 2015

Office: Bengaluru

Sector: Software Development

Funding Round: Series D

Investors: Point72 Private Investments, Qualcomm Ventures and Pavilion Capital.

Netradyne, a leading SaaS provider specializing in artificial intelligence (AI) and edge computing, has raised $90 million in a Series D funding round. The company announced that the funding will boost Netradyne’s growth through investments in research and development, expanded go-to-market strategies, and global outreach.

With this latest funding, Netradyne’s capital exceeds $350 million. Previous rounds included $65 million from Silicon Valley Bank in September 2022 and $195 million from SoftBank Vision Fund in July 2021. Reliance Industries, led by Mukesh Ambani, was one of the company’s early investors. The fresh capital injection is expected further to strengthen its position in AI-driven fleet safety solutions.

Sri Chandrasekar, Managing Partner at Point72 Private Investments says in a statement, “Since our initial investment in 2018, we’ve witnessed Netradyne’s impressive growth and believe their technology is well-positioned not only to empower fleet managers but also to foster a culture of safe driving”.

Website: https://www.netradyne.com/