Netradyne, a SaaS business, raises $65 million from Silicon Valley Bank to provide secure transportation solutions

Netradyne, a SaaS business, raises $65 million from Silicon Valley Bank to provide secure transportation solutions.

By the beginning of 2023, Netradyne will use the additional money to enhance its products and broaden its geographic reach to include Mexico, France, Germany, Italy, and Spain.

Netradyne offers services for the digitization and defence of the transportation sector- fleet management, security, compliance, and insurance are among its services.

Their ongoing success is evidence of Netradyne’s commitment to assisting fleets in succeeding with cutting-edge safety technology. They have established certain industry-first best practices after five years in operation, and this round of funding from SVB will enable them to advance. Fleet security and tracking systems from Netradyne are excellent examples of cutting-edge technology being created.

According to Netradyne, its AI product has assessed more than 5 billion miles of driving. Right now, it runs in New Zealand, Canada, Australia, the USA, and the UK.

To assist businesses to strengthen security, retention, profitability, and end-to-end transparency, Netradyne gathers and analyses relevant data points.

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