Netradyne Raises $150 Million in Series C Funding Led by SoftBank Vision Fund 2
SAN DIEGO, July 15, 2021 /PRNewswire/ -- Netradyne , a leader in artificial intelligence (AI) and edge computing focusing on driver and fleet safety, today announced a $150 million, Series C funding led by SoftBank Vision Fund 2*, with participation from existing investors Point72 Ventures and M12.
- SAN DIEGO, July 15, 2021 /PRNewswire/ -- Netradyne , a leader in artificial intelligence (AI) and edge computing focusing on driver and fleet safety, today announced a $150 million, Series C funding led by SoftBank Vision Fund 2*, with participation from existing investors Point72 Ventures and M12.
- Netradyne will use the new funding to advance its core technology, expand into new geographies and accelerate hiring across R&D, marketing, and customer support.
- "This investment by SoftBank solidifies our global marketplace leadership position in fleet safety technology," said Avneesh Agrawal, CEO, Netradyne.
- *As of the date of this press release, SoftBank Group Corp. has made capital contributions to allow investments by SoftBank Vision Fund 2 ("SVF 2") in certain portfolio companies.