SmartDrive Systems
Latest round
- Series D
Last raised
- Sep 2019
Total raised
- $166M
Investors
- 11
About SmartDrive Systems
SmartDrive Systems, Inc.Founded in 2004, SmartDrive Systems, Inc. is headquartered in San Diego, US. The company provides advanced video safety technology and telematics to enhance fleet management. In September 2020, SmartDrive was acquired by Omnitracs, LLC for USD 450 mn.SmartDrive Systems, Inc. provides a comprehensive suite of video-based safety and analytics solutions designed to enhance fleet safety and operational efficiency. Their core offering, the SmartDrive® video-based safety program, integrates advanced video safety technology, telematics, and compliance applications into a unified platform. This solution helps fleet operators prevent collisions, improve driver performance, and ensure regulatory compliance, directly addressing the challenges of fleet safety and risk management. SmartDrive serves a diverse clientele across various industries, including commercial trucking, construction, government, and waste management, with products deployed in markets such as North America, Europe, and parts of Asia.SmartDrive generates revenue primarily through subscription-based models involving its suite of products and services. Clients typically enter into long-term contracts for access to the SmartDrive platform, which encompasses features like video safety programs, analytics, and compliance tools. Transactions are structured around regular subscription fees that may vary based on the scale of implementation and the specific solutions utilized. The company’s flagship offerings, including the SmartDrive Protect platform and SmartIQ®, are tailored for various sectors, reinforcing their commitment to safety and analytics.SmartDrive anticipates significant growth through the development and launch of new products designed to enhance fleet safety and analytics capabilities. The company is also focused on expanding its market presence in Europe and parts of Asia by the end of 2022. The recent acquisition by Omnitracs, LLC for USD 450 mn will provide the necessary resources to support these initiatives, enhancing product development and facilitating new market entry.
Who invested in SmartDrive Systems
11 investors across 7 rounds
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Funding rounds
Series D
Sep 12, 2019
Amount
$41M
Investors
Series A
Jun 18, 2012
Amount
$47M
Investors
Series E
Aug 5, 2011
Amount
$10M
Investors
Series E
Dec 16, 2009
Amount
$12M
Investors
Series D
Jun 26, 2008
Amount
$10M
Investors
Series D
Nov 14, 2007
Amount
$46M
Investors
Series C
Jan 23, 2007
Amount
Undisclosed
Investors
Questions about SmartDrive Systems
Who invested in SmartDrive Systems?
SmartDrive Systems has 11 investors on record across 7 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has SmartDrive Systems raised?
SmartDrive Systems has raised 7 venture rounds. Sign up free to see how much each round raised and the total.
When did SmartDrive Systems last raise money?
SmartDrive Systems's most recent round on record is a Series D, in Sep 2019.
What does SmartDrive Systems do?
SmartDrive Systems is a software company.
Where is SmartDrive Systems headquartered?
SmartDrive Systems is headquartered in San Diego, US.
Which VCs invest in companies like SmartDrive Systems?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at SmartDrive Systems's stage. Their profiles are linked below.
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