/Press Release

HYUNDAI MNSOFT Partners with Netradyne to Lead the Next Generation of Autonomous Vehicle Technology Globally

Utilizing Dynamic Crowd-Sourced Deep Vision Technology, Netradyne and HYUNDAI MNSOFT Will Offer the Industry‘s Most Dynamic HD Mapping Platform

SAN DIEGO, December 4, 2018 /PRNewswire/ — Netradyne, a leader in Artificial Intelligence (AI) technology focusing on driver and fleet safety, today announced a global partnership with HYUNDAI MNSOFT, a Hyundai Motor Group subsidiary specializing in location-based services (LBS), cloud-based connected navigation software and future high definition (HD) maps for autonomous vehicles. Each bringing a unique skillset and expertise, this partnership seeks to develop HD maps to drive forward future vehicle technologies.

Grounded in the vision of ensuring our global roadways improve from a safety standpoint, these two organizations will create a strong collaborative environment for their individual artificial intelligence and research and development teams. HYUNDAI MNSOFT will leverage Netradyne’s dynamic crowd-sourced deep vision technologies for the development of HD Maps in its next generation vehicles.

“Netradyne’s vision-based road feature analytics maintain the most technologically advanced HD maps,” said Byoungkeun Woo, VP of HYUNDAI MNSOFT. “With this agreement, we will make additional efforts to develop our HD maps for the safety of all autonomous vehicles.”

Netradyne has been in a competitive proof of concept (POC) trail with HYUNDAI MNSOFT for close to a year, leveraging its Driveri™ camera to map parts of the United States in high definition. While several competitors have participated in partnerships surrounding Light Detection and Ranging (LIDAR)-based mapping collaborations, Netradyne’s differentiated approach ultimately stood out to Hyundai as it relies on crowd-sourced deep vision analytics—a more affordable approach to HD Map generation which ultimately offers feasible dynamic updates.

“After going head-to-head with competitors within the space for nearly a year, Netradyne is looking forward to collaborating with an organization as forward-thinking as HYUNDAI MNSOFT,” said Sandeep Pandya, President of Netradyne. “We are proud to have been recognized as a technology leader in the dynamic vision-based HD map data generation, and as a provider of DriveriTM, the most advanced aftermarket driver safety monitor and real-time alerting solution.”

DriveriTM is a vision-based driver recognition safety program that captures every minute of the driving experience, delivering safety managers a complete view of their driver’s day, now including advanced HD Map data capabilities.

“With DriveriTM, real-time, edge computing provides immediate updates,” explained David Julian, CTO of Netradyne. “DriveriTM mapping leverages a simultaneous localization and mapping (SLAM) approach to crowd-source updates for dynamic events such as accidents, or road construction, in addition to static elements such as lane markings, signs, signals and more.”

Close collaboration to develop HD maps globally between the AI research and development (R&D) and product teams at both HYUNDAI MNSOFT and Netradyne is expected to enable safer next-generation vehicles.

“The announcement made between HYUNDAI MNSOFT and Netradyne speaks to the need for advanced AI and AV companies to work together to support advancing driver and fleet safety, location and tracking data and bring intelligent data to those adopting autonomous vehicle technology,” said industry analyst, Stephanie Atkinson, CEO of CompassIntel.com and Chair of IoT6 Exchange Summit.

About Netradyne, Inc.
Founded in 2015, Netradyne has technology innovation centers in both San Diego, CA and Bangalore, India where teams are hyper-focused on next generation transportation safety technology. From HD Maps for Autonomous Vehicles to launching a novel driver safety platform for Commercial Vehicles. Grounded in the vision of applying Artificial Intelligence for improving transportation safety, Netradyne delivers a holistic view of the driving environment to fleet owners while serving as their driver’s advocate. For more information about Driveri™ or to inquire about commercial vehicle safety tools, please visit www.Netradyne.com.

About HYUNDAI MNSOFT, Inc.

Established in 1998, HYUNDAI MNSOFT, a Hyundai Motor Group subsidiary, is the global provider of embedded navigation and related contents for Hyundai-Kia vehicles. The company is a cloud-based geographic information system (GIS) provider including server-based routing, traffic information, multiple location-based services and other critical contents to Hyundai and Kia customers. HYUNDAI MNSOFT is the exclusive mobile app provider to Hyundai Blue Link and Kia UVO users in Europe, India, and Korea expanding its services globally.  HYUNDAI MNSOFT also provides the #1 cloud-based navigation software in Korea, mappy. To learn more, please visit www.hyundai-mnsoft.com

2018-12-04T22:36:20+00:00December 4th, 2018|Press Release|

Netradyne Celebrates the Capture and Analysis of over 100M Minutes of Driving Video Data using its Vision-based Driver and Road Safety Platform, Driveri™

Driveri™ Continues to Transform the Commercial Transportation Industry by Gathering Deep Insights into Driving Behavior and Providing Opportunities for Driver Recognition

SAN DIEGOOct. 29, 2018 /PRNewswire/ — Netradyne, a leader in artificial intelligence (AI) technology focusing on driver and fleet safety, has announced that its Driveri™ vision-based driver recognition safety program has captured and analyzed over 100 million minutes of driving video data. The analyzed data drives forward new feature development and lays the groundwork for positioning Netradyne as a crucial contributor for next-generation autonomous vehicles. This has led Netradyne to become one of the fastest growing artificial intelligence (AI) solution providers, a remarkable hallmark on the company’s three-year anniversary.

“Our team is thrilled to have generated such a deep resource of contextualized data so quickly,” said Avneesh Agrawal, CEO, Netradyne. “We are grateful to have such an incredible customer community that finds value in Driveri™ through the power of positive recognition and fleet safety.”

The growing Driveri™ customer community is represented by a wide range of transportation segments including passenger vehicle ride share, luxury limousine service, vans and pick-up trucks, utility vehicles, last-mile delivery, freight and heavy-duty trucking.  A point of commonality amongst this group is that they each leverage the Driveri™ platform for a complete view of their operations, including identifying excellent driving practices and identifying areas for performance coaching.

Netradyne leverages its deep archive of captured and analyzed driving data to further strengthen its technology portfolio in the following areas:

  • Driveri™ Deep Learning: As the units are deployed and operating in customer environments, the system actively ‘learns’ during trips, capturing road signage, traffic, and unique driving patterns and environments. This enables the system to continually improve performance.
  • Insurance: Partnering with insurance carriers and actuarial partners, the unique contextual data captured and analyzed by Driveri™ can enhance rating and underwriting accuracy as carriers tailor rates and coverage to a fleet’s actual risk profile.  Additionally, with traditional coaching and the new real-time driver engagement tool, the programs move beyond merely measuring risk to substantially reducing risky behavior. This ultimately shifts the risk curve with measurable incident reductions that saves both lives and dollars.
  • Driver Signatures: The captured data provides a comprehensive view into a driver’s performance including the number of GreenMinutes (positive driving minutes) and key performance indicators such as average following distance and compliance to traffic signs.  Customers are finding that a deeper view into their resources provides an opportunity to optimize their productivity.
  • RiskMaps: Through the analysis of the continuously captured data, Netradyne provides visualization and mapping of geographic risk factors. With these RiskMaps, customers have deeper visibility, and historical and geographical context into unsafe driving events.
  • Dynamic HD Maps for Autonomous Vehicles: As the captured and analyzed data set continues to grow, Netradyne is able to provide one of the deepest sets of dynamic high definition map data of roadways. This allows the company to partner with global OEMs and Tier 1 suppliers engaged in the research and development of autonomous  vehicles.

Netradyne is emerging as a technology innovator by utilizing AI, Machine Learning (ML), and Edge Computing to significantly enhance road and driver safety.  Driveri™ is a vision-based driver recognition and fleet safety platform that captures and analyzes every minute of every driving experience, providing commercial fleet managers with insights into positive driving and identifying opportunities for individual coaching.  The net result is reduced driving incidents, more awareness around risk and ability to reward positive driving; all of which improves driver retention.

“Other companies are using simulated miles to train their deep learning models. We believe that there is no substitute to using actual driving miles. We are on track to have the largest collection of training data in the industry that we are using to continuously enhance our Deep Learning Engine,” said David Julian, CTO and founder of Netradyne.

“Over the past three years, we have seen a tremendous interest in the applications of AI, Machine Learning and Edge Computing,” says Avneesh Agrawal, Netradyne’s Founder and CEO. “The collection of captured and analyzed data provides new opportunities that haven’t existed before in safety and risk reduction, driver recognition, statistical modeling, and advanced vehicle development.”

About Netradyne, Inc.

Founded in 2015, Netradyne has technology innovation centers in both San Diego, CA and Bangalore, India where teams are hyper-focused on launching a driver safety platform for Commercial Vehicles. Grounded in the vision of applying Artificial Intelligence for improving fleet safety, Netradyne delivers a holistic view of the driving environment to fleet owners while serving as their driver’s advocate. For more information about Driveri™ or to inquire about commercial vehicle safety tools, please visit www.netradyne.com.

2018-11-01T17:56:30+00:00October 29th, 2018|Press Release|

Artificial Intelligence Leader, Netradyne, Raises $21 Million in Series B Funding, Accelerating Artificial Intelligence Innovation and Improving Road and Driver Safety

Funding Will Allow the San Diego and Bangalore-based Company to Make a Sizable Investment in AI and Deep Learning Within the Commercial Vehicle Space and in New Industry Segments

SAN DIEGOSept. 27, 2018 /PRNewswire/ — Netradyne, a leader in artificial intelligence (AI) technology focusing on driver and fleet safety, has announced $21 million in new Series B funding. Investors in this round include Reliance Industries Limited (through its subsidiary RIIHL), who previously invested $16 million during Netradyne’s Series A round of funding, M12, Microsoft’s corporate venture arm, and Point72 Ventures. M12 led the investment round and will now hold a role on the board, bringing additional resources and expertise focused on scaling the company.

“Reliance is committed to fostering an ecosystem by investing ahead and in enabling intelligent connectivity solutions for the future of hyper connectivity. The follow up funding underscores our commitment to Netradyne’s engineering talent working on cutting edge technologies in the fields of AI and Machine Learning,” said Mathew Oommen, President Technology, Networks at RJIL, Reliance’s digital communications and services venture.

“We’re excited about our investment in Netradyne, an innovative company that we believe has the ability to create a safe new driving standard for commercial vehicles,” said Samir Kumar, managing director at M12. “Netradyne’s Driveri system uses deep learning and computer vision at the edge, enabling rich contextual insights that help fleets establish safe driving practices.”

“The customer momentum Netradyne has generated over the last year speaks volumes about their AI team and the innovative products they continue to develop,” said Sri Chandrasekar, Partner at Point72 Ventures. ” We are excited to be a part of the team as they transform the driver safety industry.”

Netradyne is emerging as a technology innovator; utilizing AI, Machine Learning (ML), and Edge Computing to significantly enhance road and driver safety.  The additional investment will be utilized to expand the team that has created early success for its product, Driveri™.  Driveri™ is a vision-based driver recognition and fleet safety platform that captures and analyzes every minute of every driving experience, providing commercial fleet managers with insights into positive driving and identifying opportunities for individual coaching.  The net result is reduced driving incidents, more awareness around risk and ability to reward positive driving; all of which improves driver retention.

The funding underlines the upward trajectory Netradyne has been on over the last year, which includes greatly appreciated growth within the Driveri™ community, stellar additions to the engineering team, continued invention in visual analytics and creative ideation allowing entry into new markets.

With the Series B funding, Netradyne will be making a sizable investment in the application of AI and deep learning in new industry segments, examples include:

  • Dynamic 3D/HD Mapping: Provides real-time, crowd-sourced, high definition (HD) maps using commercially deployed Driveri™ devices. HD Maps enable improved transportation data analytics and autonomous vehicle research and development.
  • Data Analytics: Gives real-time insight into numerous aspects of driving, including road conditions, driver behaviors, unique driving scenarios, seasonal and weather-specific considerations, traffic patterns and concentrated geographic risk areas.
  • Insurance: Transforms analyzed data into comprehensive offerings insurance companies can use to underwrite and analyze professional drivers across the country.

“In a very short period of time, Netradyne has made major strides in commercializing next generation AI in ways that deliver tangible impact to real businesses,” says Avneesh Agrawal, Netradyne’s Founder and CEO. “We look forward to the next chapter in Netradyne’s growth where we extend our value proposition within the commercial fleet industry, while creating new paths into emerging technology segments.”

To learn more about Netradyne, visit www.netradyne.com.

About Netradyne, Inc.

Founded in 2015, Netradyne has technology innovation centers in both San Diego, CA and Bangalore, India where teams are hyper-focused on launching a driver safety platform for Commercial Vehicles. Grounded in the vision of applying Artificial Intelligence for improving fleet safety, Netradyne delivers a holistic view of the driving environment to fleet owners while serving as their driver’s advocate. For more information about Driveri™ or to inquire about commercial vehicle safety tools, please visit www.netradyne.com.

About Reliance (Reliance Industries Limited)

Reliance is India’s largest private sector company and a diversified business group. The groups business interests span petroleum refining and marketing, petrochemicals, retail, hydrocarbon exploration and production, digital communications and services. The group’s digital communications initiative Reliance Jio is ranked No.1 in Fortune’s Change the World List, 2018. Visit http://www.ril.com/ to learn more.

About M12

As the corporate venture arm for Microsoft, M12 (formerly Microsoft Ventures) typically invests in enterprise software companies in the Series A through C funding stage. As part of its value-add to portfolio companies, M12 offers unique access to strategic go-to-market resources and relationships globally. Visit https://m12.vc/ to learn more.

About Point72 Ventures

Point72 Ventures is the early-stage venture capital strategy funded exclusively by Steve Cohen and eligible employees of Point72 Asset Management, with offices in Palo AltoStamford, Connecticut, and New York. We invest in entrepreneurs who are transforming the economy through advances in financial technology and artificial intelligence. Steve Cohen is the founder and CEO of Point72 Asset Management, which invests in a wide range of asset classes and situations through its businesses: Point72 Asset Management, EverPoint Asset Management, Point72 Ventures, Cohen Private Ventures, and Cubist Systematic Strategies.

SOURCE Netradyne, Inc.

Related Links

https://www.netradyne.com

2018-09-30T21:06:51+00:00September 27th, 2018|Press Release|

Halvor Lines Selects Netradyne Driveri™ Driver Recognition Fleet Safety Program after Head-To-Head Competitive Review

Halvor Lines, a leading transport and logistics services company, has selected to fully deploy their fleet with the Driveri™ vision-based driver recognition safety program, to strengthen their industry-leading safety, health and green initiatives.  The decision was made after a thorough competitive review and head-to-head pilot program. Company leaders at Halvor Lines cited several key factors in their decision to choose Netradyne Driveri™ including their driver’s driving experience, speed and timeliness of the delivery of meaningful data and a comprehensive program structure to recognize positive driver performance.

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2018-07-28T04:16:17+00:00July 28th, 2018|Press Release|

Ward Transport and Logistics Invests in Driver Recognition and Fleet Safety with Netradyne Driveri™

Ward Trucking selected Driveri™ over legacy event recorders to help drive forward a driver-first collaborative approach to fleet safety, service and recognition, creating additional value for their customers within the supply network.

“Our team understands the positive benefits of employee engagement: working together towards common goals and key performance indicators,” said Steve Dunn Director of Safety at Ward Transport and Logistics. “We were also looking to strengthen our safety program with leading-edge technology. Driveri™ provided a driver-friendly balance between deep insight into the driving environment, timeliness of meaningful data and recognizing the positive performance of our drivers.”

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2018-07-13T02:09:36+00:00July 13th, 2018|Press Release|

Netradyne Introduces New Real Time Coaching Tools to Increase Driver’s Safety

Driveri™ RealTimeCoach provides drivers with immediate audible notifications inside the vehicle, helping to proactively reduce risk while the vehicle is moving.  In Addition, the Driveri™ MobileCoach App provides a direct communication link to the driver via electronic communication when the driver is not driving.

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2018-07-04T02:20:48+00:00April 25th, 2018|Press Release|

Netradyne Introduces New RiskMap Feature to Identify Geographic Risk

The Driveri™ RiskMap feature analyzes the comprehensive data captured through Netradyne’s Driveri™ platform, to provide fleet managers with a complete view of how their drivers are driving by geography.  The RiskMap mapping feature recognizes and clusters specific driver behaviors which represent favorable or risky situations for the driver, fleet or general public. This gives safety managers the power to review and evaluate identified areas and modify fleet operations and routes to increase safety for all parties involved.

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2018-07-04T02:23:43+00:00March 26th, 2018|Press Release|

Netradyne Appoints New Vice President of Data Services and Insurance

Netradyne’s advanced artificial intelligence and machine learning technologies are creating deep driver, vehicle and environmental analysis; yielding unique opportunities to create efficiencies in risk identification, data trend analysis and timely payment of insurance claims.

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2018-07-04T02:25:21+00:00March 19th, 2018|Press Release|

LeSaint Logistics Invests in Fleet Protection and Driver Recognition with Netradyne Driveri™

Netradyne, a leader in artificial intelligence (AI) technology focusing on driver and fleet safety, has announced a new customer partnership with LeSaint Logistics, an award-winning expert in third-party logistics and supply chain solutions. On the heels of their announcement, LeSaint has successfully deployed Netradyne’s Driveri™ solution—a vision-based platform designed to enhance driver safety—creating additional value for their customers within the logistics supply chain.

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2018-07-04T02:25:57+00:00March 7th, 2018|Press Release|

Netradyne Launches Driveri Advanced Driver Assistance System (ADAS) Solution in India

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2017-12-07T19:28:51+00:00December 7th, 2017|Press Release|