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
Ridecell Inc., creators of a carsharing, ridesharing, and autonomous fleet operator platform, raised a Series B funding round of $28.6 million led by Cox Automotive, with participation from return investor Initialized Capital and industry partners DENSO, Penske, Deutsche Bahn, and Mitsui. According to the company, Ridecell’s
KeepTruckin, a leading electronic logs and fleet management platform for the trucking industry, announced it has secured $50 million in Series C financing. IVP led the round, with participation from existing investors Scale Venture Partners, Index Ventures, and Google Ventures. Launched in 2013, KeepTruckin’s electronic
Cloud-based cyber-security solution provider Upstream Security closed $9 million in Series A financing, led by CRV, with participation from Glilot Capital Partners and Maniv Mobility. Founded by cyber-security veterans, Upstream Security leverages big data and machine learning to provide OEMs and vehicle fleets with unprecedented, comprehensive,
Fleet Management Technology Startup Automile announced it has raised $34 million in Series B financing led by Insight Venture Partners. SaaStr Fund, Point Nine Capital, Dawn Capital and Salesforce Ventures participated in the funding. Automile provides a frictionless tracking software for fleets and assets. Its
Transportation startup XL Hybrids announced it has raised $22 million in Series D financing from Constellation Technology Ventures and IKEA Group. XL Hybrids is the leader in fleet electrification solutions for commercial and municipal fleets, with technology that delivers a 25 percent increase in miles
Transportation startup Idelic announced it has raised $1 million in seed financing, led by Birchmere Ventures, with participation from M25 Group and McCune Capital. Idelic specializes in creating enterprise software solutions that meet the safety, compliance, and risk management needs of modern truck fleets. The company’s