Reliance Industries returned to invest $8m in an M12-led round that took Netradyne's funding to $37m in just over two years.
M12, the corporate venture capital unit operated by software provider Microsoft, has led a $21m series B round for US-based driver safety technology developer Netradyne.
Diversified conglomerate Reliance Industries also participated in the round, through its Reliance Industrial Investments and Holdings (Riihl) subsidiary, as did VC firm Point72 Ventures. M12 will take a board seat at Netradyne in connection with the round.
Netradyne has created a video-based system called Driveri, which uses artificial intelligence, machine learning and edge computing technology…
