Reliance Backed Netradyne Raises $65 M From Silicon Valley Bank

Reliance Industries-backed Netradyne raises $65 M to develop Artificial Intelligence product suite

Reliance Industries Backed Artificial Intelligence firm 'Netradyne' raises $65 million which is around INR 517 crore. According to the media reports, the funding was raised from Silicon valley bank which is based in the USA. The money was raised in a combination of senior and junior mezzanine financing.

It is basically a US and Bengaluru-based Artificial intelligence firm. The firm deals with fleet safety solutions which basically means providing AI solutions to Drivers with help of data analysis, computer vision and Artificial Intelligence. The media report says that the funding will help them to grow their business and development of product suite.

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