# SmartDrive Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/smartdrive-systems

- Industry: Software
- Headquarters: San Diego, US
- Website: www.smartdrive.net
- Total disclosed funding: $166M
- Latest round: Series D (Sep 12, 2019)
- Investors on record: 11

## About

SmartDrive Systems, Inc. specializes in video-based safety and analytics solutions that significantly improve fleet safety and operational efficiency for diverse industries.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. The company has participated in 10 different deals, with its latest funding round being an Add-on Trade Sale. Steve Mitgang and Zubair Sheikh are the current CEOs.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. By leveraging prescriptive insights and predictive analytics, SmartDrive enables its customers to optimize asset management and reduce operational costs, ensuring a safer driving environment for both drivers and the general public.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. Pricing structures are determined by the specific needs of the client, with considerations for fleet size and desired features, facilitating a tailored approach to service delivery that aligns with operational goals.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.

## Funding rounds

- Series D, Sep 12, 2019, $41M — Oak Investment Partners, TPG, Founders Fund, NewView Capital, Michelin Group
- Series A, Jun 18, 2012, $47M — New Enterprise Associates, Oak Investment Partners, Stanford University
- Series E, Aug 5, 2011, $10M — New Enterprise Associates, Oak Investment Partners
- Series E, Dec 16, 2009, $12M — New Enterprise Associates, Oak Investment Partners
- Series D, Jun 26, 2008, $10M — New Enterprise Associates, Oak Investment Partners, Revolution Capital Group
- Series D, Nov 14, 2007, $46M — New Enterprise Associates, Oak Investment Partners, Edelson Technology Partners, Western Technology Investment, Founders Fund, Revolution Ventures
- Series C, Jan 23, 2007 — Oak Investment Partners, Western Technology Investment, Founders Fund, Revolution Ventures

## Investors

- Oak Investment Partners (https://capitalatlas.ai/funds/oak-investment-partners) — Series C, Series D, Series E, Series A
- Western Technology Investment (https://capitalatlas.ai/funds/western-technology-investment) — Series C, Series D
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Series C, Series D
- Revolution Ventures (https://capitalatlas.ai/funds/revolution-ventures) — Series C, Series D
- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series D, Series E, Series A
- Edelson Technology Partners (https://capitalatlas.ai/funds/edelson-technology-partners) — Series D
- Revolution Capital Group (https://capitalatlas.ai/funds/revolution-capital-group) — Series D
- Stanford University — Series A
- TPG (https://capitalatlas.ai/funds/tpg) — Series D
- NewView Capital (https://capitalatlas.ai/funds/newview-capital) — Series D
- Michelin Group — Series D