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Tuesday, Mar 19, 2024
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DriveCam Collects $19M in Financing

DriveCam, a San Diego firm that provides video camera systems for transportation fleets, said Aug. 11 it secured $19 million in series D financing led by new investor Triangle Peak Partners, and including existing investor groups Menlo Ventures, JMI Equity, Insight Venture Partners and Integral Capital Partners.

DriveCam said it’s enjoying a “breakout year” that had an 85 percent rise in clients and positive cash flow for the first time.

The company said its video recording systems installed in vehicles have reduced vehicle damages, workers compensation and personal injury costs by more than 50 percent in more than 110,000 commercial and government vehicles.

, Mike Allen

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