# Jungo Software

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/jungo-software

- Industry: Software
- Headquarters: Netanya, Israel
- Website: www.jungo.com
- Total disclosed funding: $13M
- Latest round: Series C (Sep 8, 2003)
- Investors on record: 4

## About

Jungo Software specializes in AI-driven video telematics solutions that enhance fleet management and driver safety through real-time analytics and monitoring.Founded in 1998 in Netanya, Israel, Jungo Software focuses on providing innovative video telematics solutions. The firm was acquired by NDS Group Limited in December 2006. The company has secured a Series C round of funding in which it raised USD 5.50 mn, led by Partech and supported by investors such as Cipio Partners, Intel Capital, and Telesoft Partners, bringing its total amount raised to USD 5.50 mn.Jungo Connectivity Ltd. primarily offers VuDrive, an AI-driven video telematics camera designed for fleet management and driver safety enhancement. VuDrive integrates real-time video analytics with telematics data to monitor driver behavior and vehicle performance, addressing critical safety issues such as distraction, harsh driving maneuvers, and seatbelt compliance. The system features an in-cabin camera for monitoring the driver and a road-facing camera for capturing safety events, making it suitable for a variety of vehicle types, including electric and hybrid models. VuDrive is utilized by fleet operators and transportation service providers across diverse geographical markets, including North America and Europe, providing solutions that enhance operational efficiency and driver safety. The technology aims to reduce incidents on the road, optimize fleet performance, and ultimately contribute to safer driving practices.The revenue model for Jungo Connectivity Ltd. is structured around subscription-based services and direct sales of their flagship product, VuDrive. Clients, primarily fleet operators and transportation service providers, enter into service agreements that typically include ongoing access to the VuDrive system along with continued software updates and support. Transactions are structured to accommodate both B2B partnerships and direct-to-consumer interactions, allowing flexibility in how services are delivered. Pricing strategies include tiered subscription plans that reflect the scale of the fleet and specific feature sets chosen by clients, enabling fleets of varying sizes to benefit from the technology. The company's revenue is generated as clients utilize the service on a recurring basis, leveraging the advanced capabilities of VuDrive to improve safety and operational efficiency.Jungo Software aims to enhance its product offerings with new features for VuDrive and is exploring the launch of additional products to address emerging market needs. The firm is planning to expand into new geographical regions, particularly targeting the Asia-Pacific market by 2025. Recent funding from the Series C round will be strategically utilized to support product development and market entry efforts.

## Funding rounds

- Series C, Sep 8, 2003, $5.5M — Intel Capital, Partech Partners, Telesoft Partners, Cipio Partners
- Series B, Apr 18, 2001, $7M — Intel Capital, Telesoft Partners, Cipio Partners

## Investors

- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series B, Series C
- Telesoft Partners (https://capitalatlas.ai/funds/telesoft-partners) — Series B, Series C
- Cipio Partners (https://capitalatlas.ai/funds/cipio-partners) — Series B, Series C
- Partech Partners (https://capitalatlas.ai/funds/partech-partners) — Series C