Distracted driving is one of the leading causes of car accidents and a major reason why auto insurance premiums are expected to increase in 2025. For commercial fleets, that’s a nightmare. But for California-based startup Netradyne, it’s a tailwind.
Netradyne provides fleet owners, including big names like Amazon, with AI-enabled dashcams that collect vehicle data and video to improve driver safety, reducing accidents by around 50%, per the company. The devices, which can come equipped with inward- and outward-facing cameras, also use edge computing to send drivers real-time notifications if they’re distracted or driving dangerously, while rewarding drivers for good behavior.
TechCrunch last reported on Netradyne’s $150 million Series C in 2021, and since then the company has expanded beyond North America and India and into Germany, the U.K., Australia, and New Zealand. To further that growth into Ireland and into Japan in the coming months, Netradyne has just raised a $90 million Series D at a pre-money valuation of $1.35 billion, led by Point72 Private Investments with participation from Qualcomm Ventures and Pavilion Capital.
And with great expansion comes great data. Over the years, Netradyne has accumulated over 18 billion miles’ worth of data, which the company says has helped improve the product to a point of 99% accuracy of alerts and 25 million better compliance scores.
Aside from global expansion, the fresh capital will go toward improving the product and enhancing go-to-market investments.
Today, fleets can access Netradyne’s Safety Manager Assistant, an AI-powered co-pilot that offers a natural language interface to the company’s portal and uses generative AI to have conversations about data and insights. Avneesh Agrawal, CEO and co-founder of Netradyne, told TechCrunch the company would invest more into generative AI, adding additional use cases to its co-pilot and a more “agentic approach.”
Agrawal also noted that Netradyne would use its vast data to develop foundational driving model …