SmartDrive Systems Secures $47,000,000 New Round

  • Feed Type
  • Date
    6/19/2012
  • Company Name
    SmartDrive Systems
  • Mailing Address
    9276 Scranton Road 5th Floor San Diego, CA 92121
  • Company Description
    SmartDrive Systems saves lives by increasing safe driving through behavior modification and saves money through lower insurance costs/claims via state-of-the-art, vehicle safety devices for commercial and government fleets of vehicles. SmartDrive Systems provides the tools to foster safer driving and the high-tech video hardware to document “bad driving” events, aid in crash reconstruction and be proactive through driver evaluation & re-training by integrating wireless technology and data recording… where the rubber meets the road.
  • Website
    http://www.smartdrive.net
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $47,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The new round of financing will accelerate customer adoption, channel partnerships and the company’s industry-leading research and development.
  • M&A Terms
  • Venture Investor
    Oak Investment Partners
  • Venture Investor
    New Enterprise Associates
  • Venture Investor
    Stanford University

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