SoftBank-backed Netradyne, a provider of fleet safety and video telematics solutions, anticipates reaching profitability by late 2025 or early 2026. The AI and machine learning-driven unicorn is experiencing 50% year-on-year growth and has set its sights on international expansion over the next two years, according to senior executive Durgadutt Nedungadi.
Headquartered in San Diego and Bengaluru, Netradyne is currently valued at $1.3 billion. The company plans to increase its global presence from 10 to 15 countries by the end of 2026. As part of this strategy, it will enter the Japanese and Spanish markets in 2025, followed by Ireland, France, and Italy in 2026.
Netradyne’s flagship offering is an AI-driven, vision-based IoT system designed for commercial vehicles. The device, mounted inside the vehicle, uses cameras to capture video and sensory data from both the interior and exterior in near real-time. It detects driving behaviors and events to enhance road safety. The platform helps reduce accidents, shields drivers from false claims during incidents, cuts insurance costs, and streamlines compliance management.
Netradyne currently serves over 3,000 clients across the globe, including major players from industries such as e-commerce, food and beverage, oil and gas, transportation, utilities, field services, passenger transit, and construction. Its client portfolio features global giants like Amazon, Shell, and Pepsi, along with leading Indian companies such as Reliance Industries and Hindustan Unilever.
Through this, the company has millions of miles worth of data, which it uses to train its algorithms and make them more efficient as a driver’s assistant. “We anonymise number plates (and pedestrian faces) seen through the external camera. From a privacy perspective, there is no intermingling of data, nor do we provide a customer’s data to a third party,” Nedungadi said.
Netradyne achieved unicorn status following a $90 million equity funding round led by Point72 Private Investments, with participation from Qualcomm Ventures and Pavilion Capital.
According to Tracxn, this latest round brings the company’s total funding to $308 million. Its existing investors include SoftBank Vision Fund, Silicon Valley Bank, Reliance Industries, and several others.
The growing adoption of autonomous driving technology in the U.S.—one of Netradyne’s major markets—has raised some concerns. However, Durgadutt Nedungadi asserted that this trend poses no threat to the company. On the contrary, he stated that Netradyne’s technology is already several steps ahead of current developments.
“The fundamental difference between autonomous driving tech and us is philosophy. Instead of imparting control to the vehicle, we give proactive control to the driver. We recognise and track far more elements than an ADAS (advanced driver-assistance system) does. We have the ability to detect anything a human eye can see through our cameras,” he said.
