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SmartDrive Systems Receives $90M Funding Round

2019-09-12
SAN DIEGO, CA, SmartDrive Systems has secured $90 million in financing.
SmartDrive Systems, Inc., a leader in video-based safety telematics and transportation intelligence, has secured $90 million in financing, with TPG Sixth Street Partners leading the investment with participation from existing investors.

Established in 2005, SmartDrive is a pioneer and recognized innovator in video-based safety telematics, backed by leading financial and strategic investors including NewView Capital, Oak Investment Partners, WABCO, and Michelin, in addition to TPG Sixth Street Partners. The company's platform captures vast amounts of data across vehicle systems to provide critical context and insights to commercial fleet operators, leading to improved driver performance, safety and compliance. SmartDrive's advanced data-driven safety programs can be tailored to address the needs of a wide range of fleets, delivering lower collision and fuel costs, resulting in a compelling value proposition and clear ROI.
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