Netradyne has raised $90 million in a Series D funding round, achieving a valuation of $1.35 billion. The company specializes in AI-enabled dashcams that help commercial fleets, including Amazon, reduce accidents by approximately 50%. With this new capital, Netradyne aims to expand its operations into new markets and enhance its product offerings.
The startup's dashcams utilize edge computing to provide real-time alerts for distracted or dangerous driving, while also rewarding safe driving behavior. Netradyne plans to invest in generative AI to improve its Safety Manager Assistant, which offers insights and data analysis for fleet managers. The company has accumulated over 18 billion miles of driving data, positioning itself as a leader in the autonomous driving data space.
• Netradyne's dashcams reduce accidents by around 50% using AI technology.
• The company plans to invest in generative AI for enhanced data insights.
Generative AI is used to enhance the Safety Manager Assistant for better data analysis and insights.
Edge computing allows real-time notifications for drivers based on data collected by dashcams.
Netradyne develops AI-enabled dashcams that improve driver safety and reduce accidents for commercial fleets.
Amazon is a key customer of Netradyne, utilizing its technology to enhance fleet safety.
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