SaaS Startup Netradyne Raises $90Mn Funding in Series D Round

Netradyne, a software-as-a-service (SaaS) startup has raised 90 million in a Series D funding round led by Point72 Private Investments, along with participation from Pavilion Capital and Qualcomm Ventures.

The fresh funds will help Netradyne expand its AI technology and support its growing global customer base. With this investment, the company plans to continue improving its SaaS-based fleet technology and strengthen its position as a leader focused on drivers in a competitive market.

The company has not shared its valuation yet, but the amount raised shows strong investor confidence in Netradyne’s long-term growth and potential for innovation.

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Avneesh Agrawal, CEO and Co-founder at Netradyne, said, "This funding provides us with the resources to accelerate growth, expand our technology capabilities, and deliver even greater value to our customers worldwide. With this support, we are poised to scale our innovations globally, deepen our impact and continue advancing safety and efficiency across the transportation industry, redefining what’s possible for fleets and communities alike."

Sri Chandrasekar, Managing Partner at Point72 Private Investments, said, "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."

About Netradyne 

The US- and Bengaluru-based Netradyne was founded in 2015, It uses artificial intelligence and edge computing to provide safety solutions for drivers and fleets. Its customers come from different industries, including food and beverage, oil and gas, transportation, utilities, field services and passenger transit.

The company has more than 3,000 customers and over 450,000 active subscribers worldwide, including in the United States, Canada, Mexico, Germany, the UK, Australia, New Zealand and India.

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