Inventus Law client & leading Information Technology startup raises $150 million in Series C funding by SoftBank Group Corp. and existing investors Point72 Ventures and M12 – Microsoft’s Venture Fund,
Netradyne, a startup that uses cameras and edge computing to improve commercial driver safety, has scored $150 million in Series C funding. The fresh cash will help the company double down on its current product, Drivers, according to Avneesh Agrawal, CEO, and co-founder.
Agrawal told TechCrunch the company is very confident in its product, which rewards good driver behavior while sending real-time notifications to drivers for bad behavior, and will now focus on expanding outside its current markets in North America and India and into Europe. Earlier this year, Netradyne partnered with Amazon to install its hardware and software in its delivery vehicles. The tech giant has faced accusations that it puts speed and efficiency over driver safety, all the while avoiding liability for accidents by employing third-party firms.
Read more about their funding here
