$150M raise aids Netradyne’s mission ‘to create safer roadways for all’

The gains Netradyne has made in improving driver safety helped the San Diego-headquartered company last week close on $150 million in Series C funding. 

The latest funding round was led by SoftBank Vision Fund 2 with participation from M12 and Point72 Ventures and resulted in an estimated $1 billion post-money valuation, according to Pitchbook.

Netradyne plans to use these new funds to hire employees for research and development, marketing and customer support and expand beyond its current...

https://www.freightwaves.com/news/150m-raise-aids-netradynes-mission-to-create-safer-roadways-for-all

Amazon ditching plans to monitor delivery drivers for mask wearing

Amazon will not monitor drivers for mask wearing

Amazon (NASDAQ: AMZN) has dropped plans to use in-vehicle cameras to record which delivery service provider (DSP) drivers are wearing masks. The company is deploying Netradyne’s Driveri camera system to Amazon-branded vehicles.

The Information was first to report the news.

The announcement follows a letter earlier this month from five U.S. senators, including Elizabeth Warren (D-Massachusetts) and Bernie Sanders (I-Vermont) to Amazon CEO Jeff Bezos questioning the e-commerce giant on its plans...

https://s29755.pcdn.co/news/amazon-ditching-plans-to-monitor-delivery-drivers-for-mask-wearing

EROAD sees Clarity Dashcam, EROAD Go as important tools to grow North American business

Even during the tumultuous year that is 2020, EROAD has continued to grow. The New Zealand-based technology services provider posted revenue growth of 19% in the first half of fiscal 2021 year (ending Sept. 30), compared to 7% growth in the second half of fiscal year 2020 (ending June 30).

And it has not stopped innovating, recently announcing a new dashcam and video review product for the North American market.

EROAD said revenue increased to $32.1 million and contracted units grew by 5,705.

“EROA...

https://www.freightwaves.com/news/eroad-sees-clarity-dashcam-eroad-go-as-important-tools-to-grow-north-american-business

Nuclear verdict prevention: Is there any hope for fleets?

Nuclear trucking verdicts

Over the past few years, there has been a surge in nuclear verdicts against the trucking industry. Nuclear verdicts are jury judgments that award penalties over $10 million. This warrants a focus by trucking fleets on risk management, as such verdicts can force companies to declare bankruptcy, adding to the distress already prevalent in the industry today. Effective risk-management strategies potentially can lead to lower insurance premiums as well.

One of the primary reasons for such massive...

https://s29755.pcdn.co/news/nuclear-verdict-prevention-is-there-any-hope-for-fleets

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