What is SmartDrive?
Founded in 2004 and headquartered in San Diego, California, SmartDrive provides critical performance insight and analysis for the transportation industry. The company leverages advanced technology to offer solutions that enhance operational efficiency and safety for its clients. Its consistent access to substantial capital, including major enterprise-level funding rounds, indicates a strong market position and ongoing demand for its services in optimizing fleet management and driver performance.
How much funding has SmartDrive raised?
SmartDrive has raised a total of $304.5M across 10 funding rounds:
Series C
$2.1M
Series D
$46M
Private Equity
$25M
Private Equity
$10.1M
Private Equity
$47M
Multiple Rounds
$75.3M
Series B
$9M
Unspecified
$90M
Series C (2007): $2.1M with participation from Western Technology Investment, Founders Fund, and Revolution Ventures
Series D (2007): $46M led by The Founders Fund, Western Technology Investment, Oak Investment Partners, New Enterprise Associates, Revolution Ventures, and Edelson Technology Ventures
Private Equity (2009): $25M supported by Oak Investment Partners and New Enterprise Associates
Private Equity (2011): $10.1M, investors not publicly disclosed
Private Equity (2012): $47M backed by New Enterprise Associates, Oak Investment Partners, and Stanford University
Private Equity (2015): $50M with participation from WABCO, Oak Investment Partners, and New Enterprise Associates
Other Financing Round (2015): $20M led by WABCO
Series A (2015): $5.3M supported by Innovation Network Corporation of Japan and Axa Direct Japan
Series B (2017): $9M, investors not publicly disclosed
Unspecified (2019): $90M backed by Michelin, WABCO, Oak Investment Partners, NewView Capital, and Sixth Street Partners
Key Investors in SmartDrive
WABCO
Founded in 1869, WABCO designs and sells braking, stability, suspension, and transmission control systems for heavy duty trucks, trailers, buses, SUVs, and luxury cars. It is a significant player in automotive components and systems.
Oak Investment Partners
Oak Investing specializes in providing investment advice through a structured three-step approach: research, reporting, and simplifying information for investors. They focus on presenting investment insights in straightforward terms.
NewView Capital
NewView Capital is a venture growth firm that specializes in investing in high-potential enterprise software and fintech companies through primary and secondary investments, offering flexible capital and operational guidance.
What's next for SmartDrive?
The substantial enterprise-level funding SmartDrive has attracted suggests a mature stage of development, likely focused on scaling operations, expanding market reach, and further innovating its analytics platform. The recent strategic investment signals confidence from key partners in the company's future growth and its role in shaping the future of transportation technology. Future endeavors will likely involve deeper integration of AI and data analytics to provide even more predictive and actionable insights for the transportation sector.
See full SmartDrive company page
