SmartDrive Systems, Inc.
Company typePrivate
IndustryVehicle Telematics
Founded2004
FounderJames Plante, Andrew Nickerson
Headquarters
San Diego, California
,
United States
Key people
Steve Mitgang (CEO)
Number of employees
725[1]
Websitesmartdrive.net

SmartDrive Systems, Inc. is a driver safety and transportation intelligence company located in San Diego, California. The company uses video and driver data to monitor driver behavior in commercial vehicles including trucks, buses and trains.[2]

History

SmartDrive Systems was founded in 2005 in San Diego by James Plante, an automotive entrepreneur and Andrew Nickerson, a telematics executive.[3] Plante served as the company's first CEO until April 2008, when Greg Drew took over as CEO.[3]

In June 2012, the company announced media executive Steve Mitgang as their new CEO.[4]

In May 2013, Ontario, California-based beverage company The Icee Company started using SmartDrive's programs for its 680 service and distribution vehicles.[5] In October, SmartDrive announced it would begin capturing data from third party safety systems, including systems from Bendix, now part of Knorr-Bremse; Mobileye, now part of Intel; and Meritor WABCO, an alliance formed by automobile component manufacturer Meritor and commercial vehicle system manufacturer WABCO.[6][7]

In March 2014, the company announced a partnership with Meritor WABCO to roll out a performance management system called Proview.[7] In April 2014, the Utah Transit Authority announced they would be using SmartDrive's video systems for their buses and paratransit vehicles.[8] Also in 2014, the company partnered with ProSight Specialty Insurance on a program called SecureFleet, where Prosight helped its customers pay for SmartDrive's data and video event recording system and driver coaching program.[9]

By 2015, the company had grown to 450 employees worldwide, with 150 in the United States.[9] In November 2015, the company announced several single and multi-camera safety systems.[10]

In March 2016, the company announced its video-based driver performance management system was being integrated with WABCO's OnLane lane departure warning system.[11] In June, the Los Angeles County Metropolitan Transportation Authority selected SmartDrive's systems for the city's bus and rail fleets.[12] In August, truckload shipping carrier Knight-Swift announced they were installing SmartDrive's video safety systems in all of their trucks.[13] In September, development partner Transdev North America announced they were deploying SmartDrive Rail on the Cincinnati Bell Connector streetcar fleet, which is managed by the Southwest Ohio Regional Transit Authority.[14] In October, the company introduced SmartDrive SmartIQ, a data analysis tool that allows fleet operators to study safe driving behavior.[15]

By March 2017, the company had grown to 594 people worldwide.[16] In May, the company announced it was integrating its software with transportation management software from Birmingham, Alabama-based McLeod Software, to allow fleet customers of each company to share and manage driver records.[17] Also in May, Cookeville, Tennessee transportation company Averitt Express announced it was using SmartDrive's road facing cameras in all its trucks.[18] In September, trucking company Hub Group selected SmartDrive's video safety systems for its fleet of 2,600 trucks.[19] In October, the company launched the SmartSense suite of sensors that use a combination of regular and infrared cameras to identify signs of distracted driving.[20] Also in October, the company announced that meat processor Smithfield Foods had deployed SmartDrive's video safety technology across Smithfield's fleet of 600 refrigerated trucks, and that London-based sightseeing company Big Bus Tours was installing SmartDrive's Assurance program in each of its 68 buses.[21][22]

In March 2018, SmartDrive announced that North American transportation company Daseke's subsidiary Schilli Corporation was going to use SmartDrive safety technology for its 300 vehicle fleet.[23] Also in March, the company released its Transportation Intelligence Platform, which included the SR4 system hub for integrating sensor and camera hardware, along with event analysis software.[24] In April, the company launched SmartDrive SmartIQ Driver Scorecard, software for companies to manage safety-driven driver incentive programs.[25] Also in April, the company announced that the Penske Logistics subsidiary of Penske Truck Leasing was adding SmartDrive video technology to 2,800 of its trucks.[26] In June, the company announced that specialty chemical company Clariant was adapting SmartDrive's video safety program for subsidiary Clariant Oil's 400 truck fleet.[27] In September, RATP Group's RATP Dev USA subsidiary announced they would start installing SmartDrive's programs in its transportation systems in the United States.[28] In October, the company partnered with Canadian telematics company Geotab to develop integrated systems using SmartDrive's sensors and Geotab's tracking application, to be accessed using third party devices such as phones and tablets.[29]

In January 2019, private ambulance service Acadian Ambulance began deploying the SmartDrive program across its entire fleet.[30] In March, braking control supplier WABCO Holdings combined its OnLaneALERT lane departure warning system with the SmartDrive SR4 video telematics platform.[31]

In June 2020, SmartDrive announced American motor shipping carrier Swift Transportation, part of Knight-Swift Transportation, deployed the SmartDrive program across its fleet of roughly 19,300 tractors and 68,000 trailers.[32] In July, SmartDrive released two new sensors - SmartDrive SmartSense for Speeding for Conditions, and SmartDrive SmartSense for Sitting Duck.[33]

Funding history

In November 2007, SmartDrive disclosed that it received US$46 million in venture funding, led by Oak Investment Partners and New Enterprises Associates.[34][4]

In December 2009, the company announced a fifth round funding of $25 million.[35]

In June 2012, the company announced $47 million in new venture funding led by existing investors Oak Investment Partners and New Enterprises Associates, as well as new investor Stanford University.[4]

In March 2015, the company announced its largest funding round to date, a $50 million round led by earlier investors as well as product partner WABCO.[36]

In October 2017, the company announced an additional funding round led by the North American arm of French tire manufacturer Michelin.[37]

In September 2019, SmartDrive secured $90 million of new capital in an investment round led by global investment company Sixth Street Partners.[38]

See also

External links

References

  1. ^ "Superior Paving Adopts Smartdrive Fleet Safety Program". southernautomotivealliance.com. 2018-10-03. Retrieved 2018-10-19.
  2. ^ "SmartDrive Wins LA Metro". socaltech.com. 2016-06-20. Retrieved 2017-12-07.
  3. ^ a b "San Diego-based SmartDrive Systems Raises $12M in Venture Funding". xconomy.com. 2009-10-15. Retrieved 2017-03-22.
  4. ^ a b c "SmartDrive Gets $47M, New CEO". San Diego Business Journal. 2012-06-20. Retrieved 2017-03-22.
  5. ^ "ICEE Co. Fleet to Use SmartDrive Programs". nbcsandiego.com. 2013-05-28. Retrieved 2018-11-27.
  6. ^ "SmartDrive adds data from active safety systems to event recording platform". ccjdigital.com. 2013-10-20. Retrieved 2017-04-19.
  7. ^ a b "Meritor WABCO unveils ProView performance analysis system". fleetowner.com. 2014-03-26. Retrieved 2017-03-22.
  8. ^ "Utah transit equips fleet with SmartDrive". metro-magazine.com. 2014-04-03. Retrieved 2018-11-27.
  9. ^ a b "San Diego's video telematics cluster makes truck fleets safer". sandiegouniontribune.com. 2015-03-20. Retrieved 2017-03-22.
  10. ^ "SmartDrive Expands Product Offerings". truckinginfo.com. 2015-11-03. Retrieved 2017-04-19.
  11. ^ "WABCO unveils new lane departure warning system, integration with SmartDrive". ccjdigital.com. 2016-03-31. Retrieved 2017-04-19.
  12. ^ "SmartDrive Wins LA Metro". socaltech.com. 2016-06-20. Retrieved 2018-11-27.
  13. ^ "Knight Keeps Drivers Covered With SmartDrive's Video-Safety Program". truckinginfo.com. 2016-06-01. Retrieved 2018-11-27.
  14. ^ "SmartDrive rail safety system deployed on Cincinnati streetcar". metro-magazine.com. 2016-09-14. Retrieved 2017-04-19.
  15. ^ "SmartDrive SmartIQ suite: 'Game changer' in driver and fleet data, company says". overdriveonline.com. 2016-01-25. Retrieved 2017-04-25.
  16. ^ "SmartDrive's Roadwork Makes Its System a Contender". sdbj.com. 2017-03-02. Retrieved 2017-04-25.
  17. ^ "SmartDrive Systems adds multi-camera triggering, integration with McLeod Software". ccjdigital.com. 2017-05-01. Retrieved 2017-08-28.
  18. ^ "Averitt deploys SmartDrive camera system fleetwide". overdriveonline.com. 2017-05-22. Retrieved 2018-11-27.
  19. ^ "Hub Group to equip 2,600 tractors with SmartDrive video event recorders". ccjdigital.com. 2017-09-11. Retrieved 2018-11-27.
  20. ^ "SmartDrive Adds Facial Plane Analysis to Driver Monitoring System". ttnews.com. 2017-11-03. Retrieved 2018-10-22.
  21. ^ "Smithfield Foods Reduces Accidents with SmartDrive". truckinginfo.com. 2017-10-16. Retrieved 2018-10-25.
  22. ^ "Big Bus Tours invests in SmartDrive". route-one.net. 2017-10-11. Retrieved 2018-10-25.
  23. ^ "Schilli Corp. Adopts Video-Based Fleet Safety Program". truckinginfo.com. 2018-03-30. Retrieved 2018-10-25.
  24. ^ "SmartDrive unveils new Transportation Intelligence Platform". trucknews.com. 2018-03-14. Retrieved 2018-12-06.
  25. ^ "SmartDrive designs Driver Scorecard with video-based performance metrics". ccjdigital.com. 2018-04-24. Retrieved 2017-08-28.
  26. ^ "Penske Logistics Adds Video-Based Safety Program". truckinginfo.com. 2018-04-04. Retrieved 2018-10-25.
  27. ^ "SmartDrive Wins 400 Vehicle Fleet". socaltech.com. 2018-06-26. Retrieved 2018-10-25.
  28. ^ "RATP Dev USA: Managing Safety Through Deployment of SmartDrive Systems". masstransitmag.com. 2018-09-27. Retrieved 2018-10-22.
  29. ^ "SmartDrive and Geotab drive convergence in video, telematics". ccjdigital.com. 2018-10-30. Retrieved 2018-10-31.
  30. ^ "Ambulance Fleet Reduces Risk with SmartDrive". Worktruck. 2019-01-24. Retrieved 2020-09-02.
  31. ^ "Wabco and SmartDrive partner on recording vehicle safety incidents". Robotics and Automation News. 2019-03-25. Retrieved 2020-09-02.
  32. ^ "Swift chooses SmartDrive program". Refrigerated Transporter. 2020-06-19. Retrieved 2020-09-02.
  33. ^ "SmartDrive unveils new SmartSense tech to keep drivers safe". Fleet Owner. 2020-07-21. Retrieved 2020-09-02.
  34. ^ "SmartDrive Gets $46M in Venture Funding". San Diego Business Journal. 2007-11-19. Retrieved 2017-03-22.
  35. ^ "SmartDrive Systems Raises $25 Million". pehub.com. 2009-12-16. Retrieved 2017-03-22.
  36. ^ "San Diego's SmartDrive Raises $50 Million in New Funding". timesofsandiego.com. 2015-03-30. Retrieved 2017-03-22.
  37. ^ "SmartDrive Raises Capital, Rolls Out Distracted Driving Technology". xconomy.com. 2017-10-24. Retrieved 2017-12-07.
  38. ^ "SmartDrive snaps up $90M for in-truck video telematics solutions for safety and fuel efficiency". Techcrunch. 2019-09-12. Retrieved 2020-09-02.
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