Artificial Intelligence Leader Netradyne Raises $21 Million
Netradyne, a leader in AI technology focusing on driver and fleet safety, announced $21 million in a new Series B funding round, led by Microsoft’s corporate venture arm M12. Investors also included Reliance Industries Limited (through its subsidiary RIIHL), who previously invested $16 million during Netradyne’s Series A round of funding, and Point72 Ventures. M12 will now hold a role on the board, bringing resources and expertise focused on scaling the company.
Utilizing AI, machine learning, and edge computing, Netradyne’s vision-based driver recognition and fleet safety platform, Driveri™, is designed to capture and analyze every minute of every driving experience, providing commercial fleet managers with positive driving insights and individual coaching opportunities.