About SmartDrive Systems
SmartDrive Systems is a company based in San Diego (United States) founded in 2004 was acquired by Omnitracs in September 2020.. SmartDrive Systems has raised $282.2 million across 9 funding rounds from investors including Omnitracs, Leland Stanford Junior University and Michelin North America. The company has 649 employees as of April 05, 2024. SmartDrive Systems operates in a competitive market with competitors including Nauto, GreenRoad, Safe Fleet, COYOTE and drivebuddyAI, among others.
- Headquarter San Diego, United States
- Employees 649 as on 05 Apr, 2024
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Smartdrive Systems (India) Private Limited
- Date of Incorporation 12 May, 2008
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$6.91 M (USD)-9.4as on Mar 31, 2023
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Net Profit
$596.1 K (USD)-29.79as on Mar 31, 2023
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EBITDA
$1.04 M (USD)-17.72as on Mar 31, 2023
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Total Equity Funding
$282.2 M (USD)
in 9 rounds
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Latest Funding Round
$90 M (USD), Series F
Sep 12, 2019
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Investors
Omnitracs
& 12 more
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Employee Count
649
as on Apr 05, 2024
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Acquired by
Omnitracs
(Sep 09, 2020)
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Funding Insights of SmartDrive Systems
SmartDrive Systems has successfully raised a total of $282.2M across 9 strategic funding rounds. The most recent funding activity was a Series F round of $90 million completed in September 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Series F — $90.0M
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First Round
First Round
(23 Jan 2007)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2019 | Amount | Series F - SmartDrive Systems | Valuation | Sixth Street | |
| Oct, 2017 | Amount | Series F - SmartDrive Systems | Valuation | Michelin North America |
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| Mar, 2015 | Amount | Series F - SmartDrive Systems | Valuation | New Enterprise Associates , WABCO |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SmartDrive Systems
SmartDrive Systems has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include Omnitracs, Leland Stanford Junior University and Michelin North America. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments in technology and defense sectors.
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Founded Year | Domain | Location | |
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Venture capital investments are made in disruptive growth companies.
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Founded Year | Domain | Location | |
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Venture capital investment firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SmartDrive Systems
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - SmartDrive Systems
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Smartdrive Systems Comparisons
Competitors of SmartDrive Systems
SmartDrive Systems operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Nauto, GreenRoad, Safe Fleet, COYOTE and drivebuddyAI, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-enabled driver monitoring and fleet safety management solutions
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| domain | founded_year | HQ Location |
Fleet telematics and management solutions for safe driving are provided.
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| domain | founded_year | HQ Location |
Fleet safety management products are developed for transportation.
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| domain | founded_year | HQ Location |
Integrated solutions for fleet management and vehicle tracking
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| domain | founded_year | HQ Location |
Provider of AI, SaaS-enabled driver, and fleet safety management solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Smartdrive Systems
Frequently Asked Questions about SmartDrive Systems
When was SmartDrive Systems founded?
SmartDrive Systems was founded in 2004 and raised its 1st funding round 3 years after it was founded.
Where is SmartDrive Systems located?
SmartDrive Systems is headquartered in San Diego, United States. It is registered at San Diego, California, United States.
Is SmartDrive Systems a funded company?
SmartDrive Systems is a funded company, having raised a total of $282.2M across 9 funding rounds to date. The company's 1st funding round was a Series F of $50M, raised on Jan 23, 2007.
How many employees does SmartDrive Systems have?
As of Apr 05, 2024, the latest employee count at SmartDrive Systems is 649.
What is the annual revenue of SmartDrive Systems?
Annual revenue of SmartDrive Systems is $6.91M as on Mar 31, 2023.
What does SmartDrive Systems do?
SmartDrive Systems was founded in 2004 in San Diego, United States. Operations focus on the driver safety and fleet management sector, where video-based systems are deployed to record maneuvers for coaching and serve as accident evidence. Sensor inputs are integrated, and data from thousands of analyzed videos is used for safe driving training. Fleet owners, including GP Trucking and Kimrad Transport, are among the customers served.
Who are the top competitors of SmartDrive Systems?
SmartDrive Systems's top competitors include Nauto, GreenRoad and Safe Fleet.
Who are SmartDrive Systems's investors?
SmartDrive Systems has 13 investors. Key investors include Omnitracs, Leland Stanford Junior University, Michelin North America, ZF Commercial Vehicle Solutions, and Western Technology Investment.
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