The provider of logistics AI solutions, Netradyne has become the first Indian unicorn of 2025 after raising $90 Mn in its Series D funding round led by existing backer Point72 Private Investments.

In a conversation with Inc42, Netradyne cofounder and CEO Avneesh Agrawal said that the funding round saw the startup’s post-money valuation soar to $1.34 Bn. Before this, Netradyne had last raised $65 Mn in 2022 from Silicon Valley Bank in a mix of debt and equity funding at a valuation slightly lower than $1 Bn.

Including the latest funding round, Netradyne has raised $317 Mn across four funding rounds from the likes of Reliance, M12, SoftBank, Qualcomm Ventures, and Pavilion Capital, among others.

The unicorn milestone for the startup came in its 10th year of operation. Agrawal founded Netradyne in 2015 after spending a decade working for semiconductor major Qualcomm. Agarwal helmed research and development at Qualcomm, leading its connectivity chipset product line business.

The Stanford PhD holder partnered with his former batchmate and Qualcomm colleague David Julian to establish Netradyne. The startup, which has offices in California and Bengaluru, aims to make roads safer via its AI-powered fleet safety and video telematics solutions.

Netradyne provides fleets of all sizes with features such as a video safety camera and fleet performance analytics tracking, as well as driver awareness tools to........

© Inc42