Netradyne looks for 100% growth by the end of 2024
- ByStartupStory | May 7, 2022
Netradyne, a US & Bengaluru based software startup that uses artificial intelligence and computer vision to enhance road and driver safety is expecting 100% growth by 2024 says the co-founder and CEO of the company, Avneesh Agarwal. He also said that the company has been fortunate enough to have witnessed a 52.9% CAGR in annual recurring revenue (ARR) since 2018. He also said that the company has seen a growth of 200% in 2021 as compared to 2020.
Avneesh Agarwal and David Julian started the company in 2015 to find solutions to road and driver safety problems all over the world by using their deep knowledge and vast experience in artificial intelligence and computer vision. This startup has its headquarters in San Diego, the USA with its corporate office in Bengaluru and asserts to have seen a growth of 300% in the last two years.
Netradyne launched Driveri in 2019 which is an advanced vision-based fleet safety camera platform devised to reinforce a good driving experience. It can estimate and alert drivers n various parameters like speed, traffic sign compliance and distracted driving among other functions. The maximum number of software and hardware for Driveri were made in India. Until now ut has captured, processed and assessed 4 billion miles of driving over 15 billion drive times and continues to receive more than one billion minutes every month.
With its presence in the whole country, the startup says that it will have approximately 200 vehicles positioned with Driveri all over the Indian roads by the end of this quarter. Although the company has its biggest market in the US, it has launched devices in Australia and New Zealand in the previous month and will soon be launching in the US and EU this month.
Follow Startup Story
Related Posts
