By Sri Chandrasekar, Tara Stokes and Jeff Lu.

Point72 Private Investments is proud to be leading Netradyne’s $90M Series D round. We first partnered with Avneesh Agrawal and the Netradyne team back in 2018 when we invested in the Series B – today, we’re excited to double down on our investment as the company continues working to make commercial transportation around the world safer and more efficient.

Netradyne’s main product is Driver-i, an AI-powered, vision-based fleet safety platform designed to help companies manage their vehicles and enforce safe driving standards. Through continuous, real-time visibility into driver behavior, Driver-i rewards and incentivizes positive habits, and aims to decrease high-risk behavior such as distracted driving or speeding. To date, the platform has processed more than 18 billion miles of driving data and achieved 99% alert accuracy. As a result, Netradyne is building goodwill not only with fleet managers, but also with the drivers who use the platform every day.

Safety doesn’t just save lives, it is also  good business – the Federal Motor Carrier Safety Administration (FMCSA) estimates that the average cost of a truck crash is ~$91,000, increasing to ~$200,000 if there’s an injury and $3.6 million if there’s a fatality. As fleet managers grapple with challenges like thin margins, a persistent driver shortage, high turnover, and rising insurance costs, driver safety and performance become existential operational considerations. We believe­ Driver-i has been able to consistently deliver material improvements in driver safety and operational efficiency for fleets of all sizes around the world.

When we wrote our first check into Netradyne back in 2018, we believed that video-based safety systems would become ubiquitous, and that Driver-i was best-in-class technology that would help establish Netradyne as the market leader in fleet safety. In the 6+ years since we made that bet, we’ve had the privilege of watching the Netradyne team deploy Driver-i into hundreds of thousands of commercial vehicles across thousands of customer fleets all over the world. There’s still much work to be done, but we are more excited now than we’ve ever been about Netradyne and its mission to make our roads safer.

We are thrilled to be continuing our support for Avneesh and the Netradyne team on the journey ahead.

This is not an advertisement nor an offer to sell nor a solicitation of an offer to invest in any entity or other investment vehicle.  The information herein is not intended to be used as a guide to investing or as a source of any specific investment recommendation, and it makes no implied or express recommendation concerning the suitability of an investment for any particular investor.  The opinions, projections and other forward-looking statements are based on assumptions that the authors’ believe to be reasonable but are subject to a wide range of risks and uncertainties, and, therefore, actual outcomes and future events may differ materially from those expressed or implied by such statements.  Point72 Private Investments, LLC or an affiliate may seek to invest in one or more of the companies discussed herein.