Netradyne, a computer vision startup for trucking fleets, has raised $21 million in Series B financing led by M12, Microsoft’s corporate venture arm, with significant investment from Point72 Ventures and Reliance Industries. Including its previous round of funding, Netradyne has raised $37 million till date, with Reliance Industries investing in both the rounds - which according to Sandeep Pandya, the president of Netradyne, is a “great show of confidence.”
As the discourse around driver and fleet safety pick up pace, Netradyne is pushing forward vision intelligence to understand vehicle movement on the road. “Our goal is to develop technology that provides complete context around driver experience. In simple terms, being able to watch literally with our intelligent camera systems - every minute of the driving day of each driver and with as much information as possible,” said Pandya.
Netradyne’s sensors and situationally-aware cameras provide a 360-degree vision around the truck and record data in high definition, which is then sent to AI and deep learning models which detect and characterize positive and coachable driver behavior. The company provides feedback to the driver and the fleet manager through a cloud-based dashboard solution, all in real-time.