$19M Financing Fuels DriveCam

DriveCam, a San Diego-based provider of on-board video cameras and other technology to monitor and improve vehicle safety, said today it has raised $19 million in a Series D round of financing to invest in its growth and product development. New investor Triangle Peak Partners led the financing, which included previous backers Menlo Ventures, JMI Equity, Insight Venture Partners, and Integral Capital Partners. Bruce recently chronicled how DriveCam has evolved since its founder was prompted to develop its first video system after he experienced a road rage incident in the late-1990s.

Ryan McBride is Xconomy's correspondent. You can reach him at rmcbride@xconomy.com, or follow him on Twitter at http://twitter.com/Ryan_McBride.