SmartDrive Systems has raised $47 million in additional venture funding led by Oak Investment Partners and New Enterprise Associates. Stanford University, a new investor, also participated. San Diego-based SmartDrive provides driving intelligence solutions that aim to improve safety, reduce collisions and improve fuel efficiency. PRESS RELEASE SmartDrive Systems, a market leader in driving intelligence solutions [...]
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SmartDrive Systems Inc., a San Diego-based provider of driver risk management systems and services, has raised $25 million in fifth-round funding co-led by return backers New Enterprise Associates and Oak Investment Partners. SmartDrive previously raised over $50 million from NEA, Oak, Revolution Ventures, the Founders Fund and Western Technology Investments.