What is SmartDrive?
Founded in 2004 and headquartered in San Diego, California, SmartDrive offers critical performance insight and analysis solutions tailored for the transportation industry. The company's technology aims to enhance safety, efficiency, and operational performance for fleets. Its focus on data-driven analytics positions it as a key player in leveraging technology to address the complex challenges faced by transportation businesses, from logistics to driver behavior.
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 Founders Fund, Western Technology Investment, and Revolution Ventures
Series D (2007): $46M led by Oak Investment Partners, Edelson Technology Ventures, The Founders Fund, Western Technology Investment, Revolution Ventures, and New Enterprise Associates
Private Equity (2009): $25M supported by New Enterprise Associates and Oak Investment Partners
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, New Enterprise Associates, and Oak Investment Partners
Other Financing Round (2015): $20M led by WABCO
Series A (2015): $5.3M supported by Axa Direct Japan and Innovation Network Corporation of Japan
Series B (2017): $9M, investors not publicly disclosed
Unspecified (2019): $90M backed by NewView Capital, Oak Investment Partners, WABCO, Michelin, and Sixth Street Partners
Key Investors in SmartDrive
WABCO
WABCO, a global supplier of technologies and services for the safety, efficiency, and connected performance of commercial vehicles, has been a consistent backer of SmartDrive, indicating a strategic alignment in advancing commercial vehicle technology.
New Enterprise Associates
New Enterprise Associates (NEA) is a prominent venture capital firm focused on helping entrepreneurs build businesses, bringing extensive experience in scaling technology companies to its investments.
Oak Investment Partners
Oak Investment Partners is a venture capital firm specializing in providing investment advice and capital to technology-focused companies, with a history of supporting innovative ventures.
What's next for SmartDrive?
The substantial enterprise-level funding and recent strategic investment suggest SmartDrive is poised for significant expansion and further innovation. This capital infusion will likely fuel advancements in its analytical platforms, broaden its market reach, and potentially support strategic acquisitions. The company's ongoing development in performance insight and analysis for the transportation sector indicates a strategic focus on enhancing fleet management and safety through technological solutions, positioning it for sustained growth and leadership in its domain.
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