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Nauto raised $215 million in a funding led by Stellantis Ventures to enhance safety for commercial fleet operators and others with AI-powered cameras.

Jul 24, 2024•about 1 year ago

Amount Raised

$215 Million

Palo AltoFleet Management

Investors

Stellantis Ventures

Description

Nauto, a company with AI-powered safety cameras, has raised $215 million in funding. The funding was led by Stellantis Ventures, the venture arm of carmaker Stellantis. The company aims to enhance safety for commercial fleet operators and others with cameras that can detect distracted or sleepy drivers and warn them in real time.

Company Information

Company

Nauto

Location

Palo Alto, California, United States

About

Nauto is a company based in Palo Alto, California, specializing in AI-powered safety cameras and telematics solutions for commercial fleet operators. It aims to prevent accidents, reduce collisions, and improve driver performance using advanced risk detection and alerting systems.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech