Wabco invested $20m in the driving performance platform as part of a $50m round that took its overall funding to at least $176m.
Vehicle safety equipment maker Wabco has invested $20m in US-based driving performance technology developer SmartDrive Systems as part of a $50m funding round.
Private equity firm Oak Investment Partners and venture capital firm New Enterprise Associates (NEA) also participated in the round, having previously backed a $47m round for SmartDrive in 2012 that included Stanford University.
SmartDrive has created a system that uses video and predictive analysis technology to help individual drivers in larger fleets improve their driving and lower…
